337 Us-421 Versailles, IN 47042

Property Details for 337 Us-421

Lot size

23.00 lot acres

Property size

1,000 SF

Property type

Mixed-use properties

Property subtype

Land

Description

This exceptional 23-acre mixed-use property in Versailles, Indiana, presents a unique investment opportunity. Currently operating as a beloved drive-in movie theater for nearly 75 years, this established business boasts a 1,000 square foot concession building offering diverse food and beverage options. The property includes two oversized pole barn garages, a projector room, and an office. The expansive land features several large ponds and approximately 12-14 acres of woodlands, offering significant potential for future development. Zoned for commercial use, the property allows for various possibilities, including subdivision for residential building sites, storage unit installation, solar fields, or recreational/campground development. Conveniently located less than an hour from Cincinnati, Ohio, and Florence, Kentucky, and approximately 75 miles from Indianapolis and Louisville, Kentucky, this property offers a blend of established business and exciting future development potential. The existing drive-in provides a nostalgic, family-friendly entertainment venue, while the ample land offers diverse expansion opportunities. The property's location and versatility make it an attractive investment for both seasoned developers and those seeking a unique, established business with significant upside. The existing infrastructure, including the concession building and pole barns, provides a solid foundation for continued operation or redevelopment. The property's zoning allows for a wide range of uses, making it a highly adaptable and valuable asset.

Location Insight

City

Versailles

County

Ripley

State

Indiana

Longitude

-85.273

Latitude

39.0797