52 And 600 New Palestine, IN 46163
- Retail properties
- 7,000 SF
- 1.96 lot acres
Current Use by Public Records
- Retail properties
Property Details for 52 And 600
- Year built
- 2021
- Lot size
- 1.96 lot acres
- Property size
- 7,000 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional 7,000 square foot retail property, built in 2021, is situated at the northeast corner of US Highway 52 and 600 West in New Palestine, Indiana, zip code 46163. The property sits on a 1.96-acre lot and is zoned for commercial use. Multiple spaces are available, ranging from a minimum of 1,200 square feet to a maximum contiguous space of 43,996 square feet. Currently, the entire 7,000 square feet is vacant, presenting a unique opportunity for a single tenant or multiple businesses. The location benefits from high traffic counts due to its position on a main thoroughfare and proximity to a future I-70/I-74/I-69 connector corridor. This rapidly growing area boasts a significant expansion of the local high school ($50 million renovation and expansion, projected 200% enrollment growth), a newly constructed intermediate school, and over 500 new housing lots scheduled for development. A newly constructed 108,000 square foot, $40 million health and wellness center is also adjacent to the property, further enhancing its desirability and potential. This prime retail location offers unparalleled potential for businesses seeking to capitalize on the substantial growth and development within Hancock County.
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
- New Palestine
- County
- Hancock
- State
- Indiana
- Longitude
- -85.9137
- Latitude
- 39.7268
