4300 Western Ave Connersville, IN 47331
- Hotels
- 7,368 SF
- 4.38 lot acres
Current Use by Public Records
- Hotels
Property Details for 4300 Western Ave
- Year built
- 1954
- Construction
- WOOD
- Lot size
- 4.38 lot acres
- Property size
- 7,368 SF
- Property type
- Hotels
- Property subtype
- Motels
- APN
- 21-05-12-200-010.000-008
- APU
- 210512200010000008
Description
This exceptional 4.38-acre commercial land parcel presents a unique investment opportunity in Connersville, Indiana. Located at 4300 Western Ave, 47331, this property boasts a prime location immediately adjacent to a Walmart store, ensuring high visibility and significant foot traffic. The site is zoned GB and offers substantial redevelopment potential. Its strategic position just south of Connersville Airport and near Ivy Tech Community College further enhances its appeal. The property features frontage on a busy highway, guaranteeing excellent traffic counts. This large lot is ideal for a variety of commercial uses, including the potential conversion of an existing motel into multi-family housing. The asking price is $1,095,000, translating to $250,000 per acre. This land is situated within the 2024 QCT Tract, providing additional advantages for investors. The property's size, location, and zoning make it an attractive proposition for developers and investors seeking a high-impact commercial investment in a thriving area. Don't miss this chance to acquire a strategically located parcel with significant upside potential.
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
- Connersville
- County
- Fayette
- State
- Indiana
- Longitude
- -85.1372
- Latitude
- 39.6855
- CBSA code
- 18220
- CBSA name
- CONNERSVILLE, IN MICROPOLITAN STATISTICAL AREA
