0 38Th St Anderson, IN 46013
This exceptional 7.7-acre commercial lot presents a significant development opportunity in Anderson, Indiana. Located at 0 E 38th St., this property boasts a prime location at a busy intersection, ensuring high visibility and accessibility. The land is largely flat and vacant, ready for immediate development. The property features a mixed zoning designation, combining B2 (General Business District) and I3 (Industrial Reserved District) classifications. Approximately half the land is zoned B2, allowing for a wide range of business and service uses, including warehouse and storage facilities, light industrial operations, and residential development (single-family, double-family, and multi-family). The I3 zoning, while potentially requiring special exceptions, is suited for industrial development. The strategic location is surrounded by a mix of established businesses, including a grocery store, gas station, and retail outlets, as well as residential properties. Municipal utilities are readily available, simplifying the development process. This property offers unparalleled potential for investors and developers seeking a high-traffic, versatile location in a thriving community. The asking price is $329,000, and the APN is 48-12-30-202-001.000-003. This is a rare opportunity to acquire a substantial commercial parcel in a desirable area of Anderson, Indiana, with excellent potential for a variety of uses.
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
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.