720 Pillsbury Ln New Albany, IN 47150
This exceptional 1.233-acre commercial land parcel in New Albany, Indiana, presents a unique investment opportunity. Ideally situated on Pillsbury Lane, this property boasts a prime location within the revitalizing Grantline Road area, surrounded by existing businesses. Its versatility makes it suitable for a diverse range of commercial developments, including restaurants, strip centers, office spaces, retail establishments, or multifamily housing. The property's strategic positioning offers excellent visibility and accessibility. The site is directly across from a soon-to-be-completed Indiana trail, adding significant future value and appeal. This is a chance to be part of a thriving community and capitalize on the ongoing growth in the area. The asking price is $328,500. The property includes parcels 22-05-02-300-106.000-008, 22-05-02-300-107.000-008, and 008-42100-28, located in Floyd County, Indiana, zip code 47150. This is a rare chance to acquire a well-positioned commercial lot with significant development potential. Don't miss this opportunity to secure your place in New Albany's exciting future.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.