4300 Western Ave Connersville, IN 47331
For Sale
1 / 2
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.
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.