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Property profile & analytics
OFF-MARKET
Commercial real estate

5706 Greenland Unit Memphis, IN 47143

4.5 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 4.5-acre commercial lot, situated at 5706 Greenland Unit Lot A in Memphis, Indiana, presents a remarkable investment opportunity. Its strategic location directly off Interstate 65 ensures high visibility and accessibility, making it ideal for a variety of commercial ventures. The property's zoning allows for diverse development options, including multifamily housing, a shopping strip center, or a fast-food restaurant. The proximity to downtown Louisville further enhances its appeal, offering easy access to a large consumer base and a thriving regional economy. This prime location promises significant return on investment due to its high traffic count and convenient access to major transportation routes. The expansive acreage provides ample space for substantial development, accommodating large-scale projects. This offering represents a rare chance to acquire a highly desirable commercial property in a rapidly growing area. For those seeking even greater development potential, additional parcels are available under separate listings (numbers 2019011301 and 2019011327). The asking price for this exceptional property is $673,000. Don't miss this opportunity to secure a piece of prime commercial real estate in a thriving location. Contact us today to learn more and schedule a viewing.

Property profile
Verified
Property type Commercial real estate
Lot 4.5 ac (196,020 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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