0000 Muncie Pike New Castle, IN 47362
This exceptional 281-acre farm in Henry County, Indiana, presents a rare investment opportunity. Comprising three parcels, this property boasts over 2,200 feet of road frontage along E 700 N and over 4,500 feet along N Muncie Pike, offering convenient access. The land is predominantly rich, tillable soil ideal for various crops, with exceptional soil quality ensuring high yields. A soil survey reveals a diverse composition, including Martisco muck, Millgrove loam, Eldean silt loam, Sleeth silt loam, Washtenaw silt loam, and Losantville clay and silt loam, contributing to its productive capacity. Located just a few miles from Hwy 36, this property offers easy access for equipment and transportation. The asking price is $4,495,000. The final acreage may be subject to a new survey. This property is suitable for seasoned farmers or investors seeking a productive and valuable asset with substantial income potential. The property can be split.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
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