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Property profile & analytics
OFF-MARKET
Land

640 State Road 135 Greenwood, IN 46142

0.62 ac lot
Property ID
Property summary
AI-generated overview

This 0.62-acre commercial land parcel presents a remarkable investment opportunity in Greenwood, Indiana. Situated at 640 S State Rd 135, this property boasts a highly visible location on a high-traffic intersection of W. Smith Valley Rd. and SR 135, directly between I-69 and US 31. Its strategic placement within a thriving retail environment offers exceptional access to a robust consumer base in this dynamic, growing community, a suburb of Indianapolis. The property is ideal for retail development, including the potential for space on a CVS pylon. This outlot benefits from strong demographics, a bustling retail sector, and easy customer access, making it an attractive proposition for investors seeking lucrative returns in a well-established market. The site's location in Johnson County, Indiana, zip code 46142, ensures convenient access to major roadways and a strong local economy. This is a rare chance to capitalize on a premier location in a community experiencing significant upward momentum. The property's high visibility and accessibility make it an exceptional opportunity for retail development and long-term investment growth.

Property profile
Verified
Property type Land
Lot 0.62 ac (27,007 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • CVS Photo (Bike/Boat/Book/etc) Store Printing Service
  • CVS Cosmetic Store
  • CVS Pharmacy Pharmacy
  • UPS Access Point location Courier Service Postal Service
  • Coinhub Bitcoin ATM Teller Atm
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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