640 State Road 135 Greenwood, IN 46142
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.
-
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
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.