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    OFF-MARKET
    Land

    0 Highway 60, Sellersburg, IN 47172

    0.65 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 0.65-acre commercial land parcel presents a remarkable investment opportunity in Sellersburg, Indiana. Strategically located at the southwest corner of Highway 60 and Highway 311, this property boasts excellent visibility and accessibility, situated approximately one mile from I-65 Exit 7. The B2 zoning allows for a variety of uses, including restaurants, banks, multi-tenant retail centers, and office buildings. Conceptual plans allow for the construction of a building exceeding 3,800 square feet with a drive-thru, or up to 6,300 square feet without a drive-thru. The property's prime location is further enhanced by its proximity to a thriving retail center, Hometown Plaza, and prominent businesses such as Walgreens and PNC Bank. The level topography simplifies development, and the asking price has recently been reduced to $525,000, representing a unit price of $846,153 per acre. The property's tax ID/APN is 10-09-08-800-383.000-030. This is a cash sale. The property is located in Clark County, Indiana, within the Louisville/Jefferson County MSA. This high-traffic location offers unparalleled potential for significant return on investment.

    Property profile
    Verified
    Property type Land
    Lot 0.65 ac (28,314 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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