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2620 N SR 39 - Onyx Pointe Townhomes 5.99 Acres of Commercial Land Offered at $2,240,000 in Lebanon, IN 46052

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Investment Highlights

  • Approved PUD for 70 units
  • Ideal location
  • Mature trees

Executive Summary

Prime 5.99-acre development site with approved PUD zoning allowing for 70 townhomes in one of Lebanon, Indiana’s fastest-growing corridors. Ideally positioned directly across from Whitham Hospital, this site offers a rare opportunity to deliver new housing in close proximity to major employment drivers and regional infrastructure investment.
Located minutes from the emerging LEAP District and the new Eli Lilly and Meta facilities, the property sits in the path of significant job growth and housing demand. With zoning approvals already secured, developers can move quickly to capitalize on Lebanon’s accelerating residential market.

Data Room Click Here to Access

Property Facts

Price $2,240,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Multifamily
  • Apartment Units
  • Planned Unit Development
Total Lot Size 5.99 AC
Zoning PUD - Approved PUD to allow for up to 70 townhome units. See approved PUD documents in the data room.

1 Lot Available

Lot

Price $2,240,000
Price Per AC $373,956.59
Lot Size 5.99 AC

Beautiful 5.99-acre residential development site featuring mature trees and natural landscaping, offering a rare opportunity to create a thoughtfully designed rental home community with character and curb appeal.

Description

Turnkey rental townhome development opportunities like this do not come around often. Enjoy the benefits of being minutes from the LEAP district and all of the new growth happening in Lebanon, Indiana. PUD has been approved with developer friendly requirements. Current owner has not filed any final development plans, so the design and the unit configuration shown is just an example of what can be done, but the options are endless.

Property Taxes

Property Taxes

Parcel Number
06-10-24-000-065.000-002
Land Assessment
$30,200
Improvements Assessment
$0
Total Assessment
$30,200
  • Listing ID: 39599732

  • Date on Market: 2/27/2026

  • Last Updated:

  • Address: 2620 N SR 39, Lebanon, IN 46052

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