0 Coral St Salem, IN 47167
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.