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    OFF-MARKET
    Commercial real estate

    2011 Mcgalliard Rd, Muncie, IN 47304

    1.3 ac lot
    Property ID
    US31-2123738
    Property summary
    AI-generated overview

    This exceptional 1.3-acre commercial land parcel presents a unique investment opportunity in Muncie, Indiana. Located at 2011 W McGalliard Rd, 47304, this property boasts unparalleled visibility due to its prime frontage along McGalliard Road, a high-traffic thoroughfare. The land is zoned R3 - MULTIPLE FAMILY RESIDENTIAL, offering considerable development potential for various uses. The site's strategic location adjoins Varsity House student apartments to the east, suggesting strong potential for complementary development. This offering comprises four combined parcels (APN: 18-11-05-276-001.000-003, and two additional parcels: 181105253002000003; 181105253003000003) totaling 1.3 acres. The property benefits from its location in a newly developed area, ensuring a vibrant and growing surrounding community. This is an ideal opportunity for developers seeking a high-visibility site with significant potential for future growth and return on investment. The asking price for this exceptional property is $695,000. Serious inquiries are encouraged.

    Property profile
    Verified
    Property type Commercial real estate
    Lot 1.3 ac (56,628 SF)
    APN 18-11-05-276-001.000-003
    UPID US31-2123738
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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