111 Daisy Smt New Albany, IN 47150
This exceptional 4.5-acre commercial land parcel presents a unique investment opportunity in the thriving New Albany, Indiana market. Strategically located at the highly visible intersection of I-265 and State Street, this property offers unparalleled exposure and accessibility. The site is ideally suited for a wide range of commercial ventures, including medical facilities, hotels, or other high-impact developments. Zoned for commercial use, this lot is part of the future Summit Springs development plan, ensuring significant growth potential and long-term value. The asking price is $2,770,000. Located at 111 Daisy Summit, New Albany, IN 47150 (Floyd County), this property boasts approximately 4.5 acres of usable land, providing ample space for substantial construction. Its prime location within the planned Summit Springs development promises to be a central point of activity, attracting significant foot traffic and visibility. The property's proximity to I-265 and State Street ensures easy access for customers and employees alike. This is a rare opportunity to acquire a high-visibility commercial lot in a rapidly growing area. Broker co-op is available.
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.
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.