4976 W Smith Valley Rd Greenwood, IN 46142
For Sale
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This exceptional 1.7-acre commercial and industrial development lot, located at 4976 W Smith Valley Rd, Greenwood, IN 46142 (Johnson County), presents a remarkable investment opportunity. Currently zoned B-1, this highly visible property boasts excellent traffic flow, situated on a main artery experiencing increasing traffic counts. The property's strategic location within Center Grove benefits from the proximity to the nearing completion of the 69 project, further enhancing its accessibility and visibility. An existing structure is present on the site and would require demolition prior to any new construction. The asking price for this prime development land is $1,300,000. This location offers significant potential for a variety of commercial and industrial uses, making it an ideal choice for developers seeking a high-impact location with strong growth prospects. The property's latitude and longitude coordinates are 39.6056478 and -86.195636 respectively. This is a rare chance to acquire a substantial parcel in a thriving area with excellent visibility and convenient access. Don't miss this opportunity to capitalize on the burgeoning growth in Greenwood, Indiana.
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KC's Cause Association / Organization
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KLC Laser Engraver
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
B-1 · Greenwood, INGreenwood. Always verify with local authorities before improvements.
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.