636 Broadway St Fortville, IN 46040
This exceptional 40.29-acre parcel presents a remarkable opportunity for developers seeking a prime location in the thriving Hancock County area. Situated in Fortville, Indiana, at 636 E Broadway St, 46040, this property boasts a highly desirable Planned Unit Development (PUD) zoning designation. This zoning allows for a flexible mix of multifamily residential and industrial development, catering to a diverse range of project visions. The land itself is characterized by flat topography and dry conditions, simplifying site preparation and construction. Convenient access is ensured via its proximity to US-36, 1000N, and S. Madison St, providing excellent connectivity for residents and businesses alike. All utilities are conveniently located at the site, eliminating significant infrastructure hurdles. The property is located within Fortville's South Madison Tax Increment Financing (TIF) District, potentially offering additional financial incentives for development. This strategic location, combined with its versatile zoning and readily available utilities, makes this 40.29-acre tract an exceptional investment opportunity for discerning developers seeking to capitalize on the growth and potential of Fortville, Indiana. The asking price for this expansive development site is $3,300,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.