1503 Park Ave Alexandria, IN 46001-8188
- Turn key restaurants
- 3,536 SF
- 1.14 lot acres
Current Use by Public Records
- McDonald's / Fast Food Restaurant / Breakfast Restaurant
- Whetsel Funeral Service / Funeral Home
- ATM / Atm
Property Details for 1503 Park Ave
- Year built
- 1992
- Lot size
- 1.14 lot acres
- Property size
- 3,536 SF
- Property type
- Turn key restaurants
- APN
- 48-06-18-200-046.000-022
- APU
- 480618200046000022
Description
Prime 6.3-acre commercial development land in Alexandria, Indiana, is available for $175,000. This exceptional property boasts a highly visible location at the intersection of SR 9 (North Park Avenue) and SR 28 (East Cleveland Street) in Monroe Township, benefiting from significant traffic counts exceeding 5,500 vehicles per day (VPD) on SR 28 and over 7,000 VPD on SR 9. The property's APN is 48-06-18-200-045.000-022. Zoned B2 General Commercial, this site is ideal for a variety of businesses, including fast food restaurants, gas stations, grocery stores, and drugstores. Utilities are readily available on-site, facilitating a streamlined development process. The location offers excellent proximity to Alexandria's main retail corridor, featuring established businesses such as McDonald's, Pizza King, Dollar General, the Madison County Fair Grounds, and Vic's Hardware & Lumber. This owner-user opportunity presents a compelling investment prospect for developers seeking a high-visibility site in a thriving community. The property address is 1503 N Park Ave, Alexandria, IN 46001.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Alexandria
- County
- Madison
- State
- Indiana
- Longitude
- -85.6711
- Latitude
- 40.2761
- CBSA code
- 26900
- CBSA name
- INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA
