4620 Charlestown Rd New Albany, IN 47150-9557
This exceptional commercial land offering presents a unique investment opportunity in New Albany, Indiana. The property boasts a highly desirable location on Charlestown Road, just one mile north of I-265, ensuring excellent accessibility and high visibility. The expansive lot encompasses approximately 0.47 acres to 16.98 acres, providing ample space for a variety of commercial developments. Its strategic placement offers significant advantages, situated near a thriving retail corridor. Nearby establishments include major retailers such as Meijer, Regal Cinemas, and Kohl's, along with a diverse selection of restaurants including Tumbleweed, Cluckers, Starbucks, Bearno's Pizza, Jimmy John's, Penn Station, Qdoba, Graeter's, KFC, and Quizno's. This prime location ensures high traffic volume and strong potential for attracting customers. The asking price for this exceptional property is $700,000. The property's size and location make it ideal for a wide range of commercial uses, presenting a compelling opportunity for investors seeking a high-impact development project in a rapidly growing area. The property is zoned for commercial use (verification of zoning is recommended). This is a rare opportunity to acquire a significant parcel of land in a prime location with excellent visibility and access to major transportation routes.
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Golfer's Paradise Driving Range Golf Course
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
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Property description
Physical attributes from public recordsZoning & alternative use
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.