1418 Blackiston Ml Rd Clarksville, IN 47129-2358
This Clarksville, Indiana shopping center, located at 1418, 1420 Blackiston Mill Road, 47129, offers exceptional retail space for lease. The property comprises two buildings totaling 25,850 square feet, situated on a 3.01-acre lot in Clark County. Currently, there are four suites available, with a minimum divisible space of 2,400 square feet and a maximum contiguous space of 5,110 square feet. A significant 13,495 square feet is currently vacant, presenting a prime opportunity for expansion or new tenancy. The center benefits from ample parking and multiple entrances/exits, enhancing accessibility and visibility. Its strategic location adjacent to the busy Peddler's Mall ensures high foot traffic. The recent completion of the Lewis and Clark Parkway and Blackstone Mill Road intersection has dramatically improved access and visibility. This area is experiencing significant urban renewal efforts, including the expansion of Blackstone Mill Road, promising future growth and increased value. Net lease opportunities are available at a rate of $11 per square foot, with CAM charges of $1.45 per square foot and taxes of $1.08 per square foot.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
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.