5020 Hessler Rd Muncie, IN 47304
This exceptional 9-acre commercial land parcel presents a unique investment opportunity in Muncie, Indiana. Located at 5020 W. Hessler Road, this property boasts a convenient location and significant development potential. The asking price is $540,000, translating to $60,000 per acre, reflecting the land's high value. The property is zoned BV- VARIETY BUSINESS, allowing for a wide range of commercial uses. The expansive lot size offers ample space for various projects, from retail centers and office buildings to light industrial facilities. Its address is 5020 W. Hessler Road, Muncie, IN 47304, within Delaware County. The property's location offers easy access to major transportation routes, ensuring excellent visibility and accessibility for any future development. The parcel's APN is 18-06-36-476-005.000-040. This is a rare opportunity to acquire a substantial commercial land holding in a growing area. Serious inquiries are encouraged to explore the possibilities this property offers. The property's size and zoning make it an attractive proposition for investors seeking a strong return on their investment. Don't miss this chance to secure a prime piece of Muncie real estate.
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
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.