1400 State Rd 32 - State Rd Lebanon, IN 46052
This exceptional 1.59-acre commercial land parcel presents a unique investment opportunity in Lebanon, Indiana. Located at 1400 State Road 32, this property boasts a desirable location with convenient access to major roadways, enhancing its visibility and accessibility for a wide range of commercial ventures. The land is zoned PBC, offering flexibility for various development possibilities. The asking price is $636,000, translating to a land value of $400,000 per acre, reflecting the strong market demand in this thriving area. The property's size and zoning make it ideal for a variety of commercial uses, from retail establishments and office spaces to light industrial facilities. Its strategic location within Boone County, Indiana, and its proximity to Lebanon's amenities and infrastructure, further enhance its appeal. The parcel's APN is 06-10-35-000-020.000·002. This is a rare opportunity to acquire a well-situated commercial land parcel in a growing market. Don't miss out on this chance to secure a prime location for your next commercial project. Serious inquiries are encouraged.
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
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.