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Property profile & analytics
OFF-MARKET
Land

3800 Western Ave Connersville, IN 47331

1.1 ac lot
Property ID
Property summary
AI-generated overview

This exceptional opportunity presents 1.1 to 2.37 acres of prime commercial land in Connersville, Indiana, ideally situated within a thriving retail area. The property, zoned for General Business use, boasts three convenient access points, two directly off a state highway, ensuring high visibility and easy accessibility for customers. Utilities are readily available at the street, and newly constructed roadways are in place, making this a truly "shovel-ready" site. The location offers significant advantages, abutting a Walmart Superstore and near a Dollar Tree strip mall, guaranteeing substantial traffic flow. This development provides flexible lot options, allowing for projects of varying scales. A particularly attractive lot, measuring 2.373 acres, is directly adjacent to the Walmart Superstore. Furthermore, this property is designated as a Qualified Opportunity Zone, potentially offering significant tax advantages for investors. The development features excellent lighting and convenient access points from State Road 1 and Opportunity Drive, as well as 37th Street. This is an unparalleled chance to establish a successful commercial venture in a high-traffic, well-developed location. The asking price is $319,900.

Property profile
Verified
Property type Land
Lot 1.1 ac (47,916 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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CAP Approach CAP
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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