888 In-3 Lexington, IN 47138
This exceptional commercial land offering presents a unique investment opportunity in Lexington, Indiana. The property, encompassing a total of 8.626 acres, is strategically located at the high-traffic intersection of State Road 3 and 56. This prime location offers excellent visibility and accessibility, situated approximately 7 miles east of Scottsburg, Indiana and I-65 Exit 29, and 14 miles west of Madison, Indiana. The land is zoned for commercial use, making it ideal for a variety of development projects. The property is divided into three parcels, each approximately 2 acres in size. Parcel A and Parcel B are each priced at $300,000, while Parcel C is offered at $275,000. Alternatively, the entire 8.626-acre site is available for purchase at $900,000. Potential uses include, but are not limited to, convenience stores, gas stations, dollar stores, other retail establishments, or self-storage facilities. The property's APN is 72-06-17-500-005.000-005 + 72-06-17-200-029.000-005. This is a rare opportunity to acquire highly desirable commercial land in a rapidly growing area. Don't miss out on this chance to secure a prime location for your next venture. The address is 888 IN-3, Lexington, IN 47138.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.