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Property profile & analytics
OFF-MARKET
Land

700 700 New Palestine, IN 46163

12.6 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 12.6-acre commercial lot presents a remarkable development opportunity in New Palestine, Indiana. Situated on a highly visible corner, this property boasts significant frontage along a heavily traveled section of US 52, providing unparalleled exposure to daily traffic between Indianapolis and New Palestine. The land is currently bare ground, ready for immediate development, eliminating the need for costly site preparation. Its Ag zoning allows for a variety of uses, making it ideal for a range of commercial ventures. Potential uses include, but are not limited to, a neighborhood grocery store, mixed-use development, car dealership, or healthcare facility. The strategic location and ample acreage offer significant potential for high returns on investment. The property's address is S 700 W, New Palestine, IN 46163, within Hancock County. Its precise coordinates are latitude 39.7449569 and longitude -85.9328831. This is a rare opportunity to acquire a prime commercial lot in a rapidly growing area. Don't miss out on this chance to capitalize on the significant potential of this exceptional property. Broker co-op is available.

Property profile
Verified
Property type Land
Lot 12.6 ac (548,856 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
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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