631 Kimmell Rd Vincennes, IN 47591
This exceptional 3.23-acre land parcel, located at 631, 703 & 705 Kimmel Rd, Vincennes, Indiana, presents a compelling investment opportunity. Zoned R-1, this property offers significant potential for multi-family development, capitalizing on the area's burgeoning growth. All utilities are conveniently located at the site, ensuring seamless construction and operational efficiency. The property boasts direct access from Kimmel Road and enjoys easy access to the strategic Highway 41/Hart Street corridor, providing excellent connectivity and visibility. The APN is 421227405012000022. This prime location in Knox County, Indiana, zip code 47591, offers developers a unique chance to create a thriving residential community. The asking price for this expansive land tract is $900,000. Its strategic location and zoning make it an ideal site for a new multi-family development project. The property's size and accessibility make it a highly attractive proposition for investors seeking a promising return on investment in a rapidly developing area. This is a rare opportunity to acquire a substantial land parcel in a desirable location with excellent access to major roadways and utilities.
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.