10488 Oak Grove Rd Newburgh, IN 47630

Property Details for 10488 Oak Grove Rd

Property type

Commercial real estate

APN

82-04-33-002-873.001-019

Description

This exceptional 33.85-acre property, situated at the northeast corner of Epworth Road and Oak Grove Road in Newburgh, Indiana, presents a remarkable investment opportunity. Located at the gateway between Evansville and Newburgh, this land boasts unparalleled visibility and accessibility, with close proximity to major medical facilities, including Deaconess and St. Vincent's Hospitals, serving a population of 500,000. Its strategic location near I-69 and the East side of Evansville offers convenient access to key transportation routes. Currently zoned Agricultural, the property holds significant potential for commercial rezoning, especially considering the adjacent land's pending development for a large sports-related project. The level, farmable land has been cultivated for generations, ensuring a clean slate for development. A smaller 3.59-acre parcel on the southwest corner is also available for separate purchase. The area is further enhanced by the presence of major retailers like Costco, Sam's Club, and Walmart within a 2-mile radius. This property offers excellent ingress/egress from multiple points, maximizing its potential. The asking price is $5,100,000, and potential incentives may be available through Warrick County, Indiana. The APN is 82-04-33-002-873.001-019. This is a rare opportunity to acquire a significant land parcel in a rapidly growing area with high visibility and strong potential for development.

Location Insight

City

Newburgh

County

Warrick

State

Indiana

Longitude

-87.440870603861

Latitude

37.991292371118