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Property profile & analytics
OFF-MARKET
Land

3 Scottsburg Indiana Scottsburg, IN 47170

1.05 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Land
Lot 1.05 ac (45,694 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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