8015 Indiana 13 Pendleton, IN 46064
Exceptional 20-acre residential land parcel in Pendleton, Indiana, is available for sale with a leaseback option. Priced at $2,700,000 ($135,000/acre), this property is zoned PUD and situated at 8015 S Indiana 13, zip code 46064, within Madison County. The land is part of a larger, 80-acre master-planned development, Meadowview Estates, projected to include over 1,000 single-family homes, a grocery and fuel center, additional retail spaces, and ample room for multi-family housing, retail outlets, and self-storage facilities. This presents a unique opportunity for investors seeking to capitalize on the expanding residential market in a thriving community. The strategic location and planned amenities of Meadowview Estates offer significant potential for long-term growth and return on investment. The property's PUD zoning allows for flexibility in development plans, catering to a variety of residential and commercial uses. This prime location offers a blend of convenience and modern living, making it an attractive prospect for developers and buyers alike. Detailed development plans for Meadowview Estates are available upon request. This is a rare opportunity to acquire a substantial land parcel in a rapidly growing area.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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Risks
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