Property profile

0 7Th St Auburn, IN 46706

OFF-MARKET
Land
3.23 ac lot
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Property summary

AI-generated overview

This exceptional 3.23-acre commercial lot, part of the Seven 15 Development in Auburn, Indiana, presents a unique investment opportunity. Ideally situated less than half a mile from Interstate 69 and boasting excellent visibility and access from State Road 8, this property benefits from an average daily traffic count exceeding 23,120 vehicles. An upcoming SR 8 median project is anticipated to further increase traffic flow through the development site, making this an ideal location for a future traffic signal. The lot is zoned Planned Unit Development (PUD) for Commercial, Multi-Family, Office, and Mixed Use, allowing for a wide range of development possibilities. The PUD zoning also features reduced setbacks and parking standards, promoting a pedestrian-friendly environment. All essential infrastructure is already in place, including streets, curbs, depressed curb cuts, on-street parking, water, sewer, and drainage systems. A secondary plat is pending final approval upon infrastructure completion. The property offers convenient connectivity to W Fifteenth Street and Touring Drive, enhancing its accessibility and appeal. This turnkey development site is ready for immediate construction, offering significant potential for investors and developers seeking a prime location in a thriving community. The asking price is $2,000,000.

Property profile

Verified
Property type Land
Lot 3.23 ac (140,699 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

7Th St Auburn, IN 46706
Auburn metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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