66 And Ferstel Rd Newburgh, IN 47630
- Land
- 23.00 lot acres
Current Use by Public Records
- Land
Property Details for 66 And Ferstel Rd
- Lot size
- 23.00 lot acres
- Property type
- Land
- Property subtype
- Industrial properties
Description
This exceptional 23-acre parcel presents a unique investment opportunity in Newburgh, Indiana. Strategically located at the intersection of Hwy 66 and Ferstel Road (APN 87-15-02-200-015.000-019), this property offers diverse zoning possibilities. The land is comprised of 20 acres zoned C-1, allowing for a wide range of commercial uses, 2 acres zoned R-1A, suitable for residential development, and 1 acre zoned R-2, providing additional residential development potential. With a total area of 23 acres, the asking price is $169,000, translating to a land value of $7,347 per acre. This prime location in Warrick County, Indiana (zip code 47630), offers excellent access to transportation networks and presents significant potential for various development projects. The property's versatile zoning makes it ideal for a mixed-use development, combining commercial and residential components. This presents a rare chance to acquire a substantial land holding with significant upside potential in a growing area. The coordinates for this property are 37.9476478 latitude and -87.3777394 longitude. Serious inquiries are encouraged.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Newburgh
- County
- Warrick
- State
- Indiana
- Longitude
- -87.3777
- Latitude
- 37.9476
