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Property profile & analytics
OFF-MARKET
Land

0 Coral St Salem, IN 47167

1.16 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 1.16-acre commercial land parcel, located in Salem, Indiana, presents a unique investment opportunity. Priced at $650,000, this property is ideally suited for a variety of commercial ventures, including quick-service restaurants (QSRs), single retail establishments, or coffee shops. The property's zoning is designated as Commercial, ensuring flexibility for diverse development plans. The lot size provides ample space for construction and potential expansion. The sale includes three parcels, with APN numbers 88-24-16-221-005.000-022, 88-24-16-222-001.001-022, and 88-24-16-221-004.000-022. Situated on Coral Street in Washington County, Indiana, with a zip code of 47167, this location offers excellent visibility and accessibility. The geographic coordinates are 38.6161922 latitude and -86.0839556 longitude. This property represents a compelling opportunity for investors seeking a strategically located commercial site with significant development potential in a thriving Indiana community. Don't miss this chance to acquire a prime piece of commercial real estate in Salem.

Property profile
Verified
Property type Land
Lot 1.16 ac (50,530 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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