3583 State Hwy Spencer, IN 47460
- Mixed-use properties
- 1,960 SF
- 4.12 lot acres
Current Use by Public Records
- Mixed-use properties
Property Details for 3583 State Hwy
- Lot size
- 4.12 lot acres
- Property size
- 1,960 SF
- Property type
- Mixed-use properties
Description
This exceptional mixed-use property presents a unique investment opportunity in Spencer, Indiana. Situated on a prominent 4.12-acre lot boasting approximately 375 feet of road frontage along State Highway 3583, this location benefits from significant traffic flow between Spencer and Bloomington, ensuring high visibility and potential for a variety of commercial ventures. The existing 1,960 square foot building requires substantial repairs or could be removed entirely, allowing for complete customization to suit your specific needs and vision. The expansive lot offers ample space for development, expansion, or the creation of additional structures. This property is ideal for entrepreneurs seeking a high-traffic location with significant development potential. Its strategic position and generous land area make it a rare find in the Spencer market. The existing building, while needing extensive work, provides a solid foundation for a renovation project or could be easily demolished to make way for new construction. This is a prime opportunity to capitalize on the strong traffic flow and create a thriving business in a desirable location. Don't miss this chance to acquire a substantial piece of land with immense potential. The asking price of $250,000 reflects the significant opportunity presented by this property's location and size.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Spencer
- County
- Owen
- State
- Indiana
- Longitude
- -86.7754
- Latitude
- 39.2857
