700 700 New Palestine, IN 46163
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.
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.
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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.