165 +/- Acres Diverse Property Adjacent To Splinter Rdg Madison, IN 47250
This exceptional 165+/- acre commercial property in Jefferson County, Indiana, presents a unique investment opportunity. Located near Madison (zip code 47250) and bordering the Splinter Ridge Fish and Wildlife Area, this diverse land boasts a variety of features ideal for building a dream home or establishing a hunting camp. The property includes open pastures suitable for livestock or horses, a pond, and Doe Run Creek running through it. Hilly timberland with young mixed hardwoods offers diverse topography, ranging from creek bottoms to ridge tops. The property features blacktop road frontage for easy access and is close to the Ohio River. An existing house requires demolition, presenting an opportunity to build a new country home. Overgrown pastures provide excellent cover for wildlife, making it an exceptional hunting location, particularly for whitetail deer. City water access is available. The property's APN is 39-10-31-000-002-000-008, 39-10-32-000-004-000-008. 2022 property taxes totaled $958.76. This property offers a blend of recreational and development potential, making it a truly remarkable opportunity. The legal description is: 006 00400 00 Pt Ne 1\/4 31 4 12 114 A 6 27 3 8992 E Doe Run Rd, 006 00388 00 Pt W 1\/2 Nw 32 4 12 51.50 A 6 26 4 8000+ E Doe Run Rd. The asking price is $639,900.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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