5706 Greenland Unit Memphis, IN 47143
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.
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
Similar Nearby for Sale
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.