0 Coral St Salem, IN 47167
This exceptional 1-acre commercial land parcel presents a unique investment opportunity in Salem. Ideally situated on a corner lot, this property boasts unparalleled visibility and accessibility, directly across from established businesses such as Taco Bell and Walmart, ensuring high traffic flow and significant brand exposure. The site's strategic location makes it perfect for a variety of commercial uses, particularly coffee shops or quick-service restaurants (QSRs) seeking a high-traffic location. The lease includes three contiguous parcels, offering flexibility in development and site planning. The property's zoning is designated as Commercial, simplifying the permitting process for suitable businesses. The combined parcels are identified by the following APNs: 88-24-16-221-005.000-022, 88-24-16-222-001.001-022, and 88-24-16-221-004.000-022. This is a single-tenant property, providing a clear and straightforward lease agreement. The cross street is Pearl. Don't miss this chance to secure a prime location in a thriving commercial area. Contact us today to learn more about this exceptional opportunity.
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
Similar Nearby for Lease
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.