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3901 US-52 - 3901 N State Road 52 0.48 Acres of Commercial Land Offered at $140,000 in Lebanon, IN 46052
Investment Highlights
- Heavy Traffic directly on I 65.
- Suitable for a variety of future commercial or investment uses pending zoning and entitlement review.
- Located directly off Interstate 65 with strong visibility.
- Boone County location within the Indianapolis metropolitan growth corridor.
Executive Summary
Lot has not had electric run to it yet. The seller has an estimate of the costs of 15K to run. Area plan commission said the property needs to be rezoned business or industrial then be removed from the overlay district. From planning 1:Whether this parcel's current zoning allows for billboard or outdoor advertising use? Property is zoned Low-density Residential (R1) and I-65 South Corridor Overlay. Billboards are not permitted in the residential districts or the Overlay.
Property Facts
| Price | $140,000 | Property Subtype | Commercial |
| Sale Type | Investment or Owner User | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 0.48 AC |
| Property Type | Land | ||
| Zoning | C - Commercial | ||
| Price | $140,000 |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 0.48 AC |
| Zoning | C - Commercial |
1 Lot Available
Lot
| Price | $140,000 | Lot Size | 0.48 AC |
| Price Per AC | $291,666.67 |
| Price | $140,000 |
| Price Per AC | $291,666.67 |
| Lot Size | 0.48 AC |
Vacant 1/2 acre lot suitable for a billboard sign. Located just off I-65 for visibility, due West from the LEAP District and sets on the southeast corner of Trophy Club.
Description
Vacant 1/2 acre lot suitable for a billboard sign. Located just off I-65 for visibility, due West from the LEAP District and sets on the southeast corner of Trophy Club.
1 1
Exceptionally drivable
100/100
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