3 Scottsburg Indiana Scottsburg, IN 47170
This exceptional 1.049-acre commercial land parcel presents a prime opportunity for development in Scottsburg, Indiana's thriving West McClain Street retail district. Located in the McClain Business Park, this B-2 zoned lot offers excellent visibility and accessibility, situated in the 1600 block of West McClain Avenue. The property benefits from its proximity to established businesses, including Puerto Vallarta Mexican Restaurant and Divata Dialysis, and is conveniently flanked by Walmart and two retail/office strip centers. Access is readily available from both West McClain Avenue (U.S. Highway 56) and South Lake Road. Scottsburg's strategic location at the intersection of I-65 and U.S. Highway 56 provides easy access to Louisville, Kentucky (30 miles), Indianapolis, Indiana (90 miles), and Cincinnati, Ohio (110 miles). The property is offered at $140,000, representing a price per acre of $162,059.10. This fee simple ownership opportunity allows for immediate development, and additional land is available for larger projects. Scott County's robust manufacturing sector and its history of high-value-added production further enhance the investment potential of this exceptional site. The property is ideal for retail or office development, capitalizing on the area's strong commercial growth and convenient location.
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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No recorded transactions found for this property.
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Risks
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