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4300 N Western Ave 4.38 Acres of Commercial Land Offered at $1,095,000 in Connersville, IN 47331

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INVESTMENT HIGHLIGHTS

  • Contiguous to WalMart
  • Large lot for redevelopment
  • Potential motel conversion into multi-family
  • Busy highway - good traffic counts
  • Just south of the Connersville Airport and nearby Ivy Tech Community College
  • Located within 2024 QCT Tract

EXECUTIVE SUMMARY

Large lot for redevelopment
Potential motel conversion into multi-family or scrape and build or both
Frontage on a busy highway with good traffic counts
Located within 2024 QCT Tract
Adjacent to Wal-Mart

PROPERTY FACTS

Price $1,095,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Retail
  • Office
  • Mixed Use
  • Multifamily
  • Hospitality
  • Apartment Units
  • Apartment Units - Condo
  • Apartment Units - Senior
  • Auto Dealership
  • Bank
  • Bar
  • Bowling Alley
  • Carwash
  • Convenience Store
  • Daycare Center
  • Fast Food
  • General Freestanding
  • Healthcare
  • Hospital
  • Hotel
  • Medical
  • Motel
  • Movie Theater
  • Religious Facility
  • Restaurant
  • Self Storage
  • Storefront
  • Storefront, Retail or Office
  • Strip Center
  • Supermarket
  • Veterinarian or Kennel
Total Lot Size 4.38 AC
Opportunity Zone Yes
Zoning GB - See city of Connersville zoning

1 LOT AVAILABLE

Lot

Price $1,095,000
Price Per AC $250,000.00
Lot Size 4.38 AC

NEW LISTING This is a land sale. Please do not inform motel staff or visit the property. More information coming soon. Just south of the Connersville Airport and nearby Ivy Tech Community College Immediately adjacent to the local Wal-Mart.

DESCRIPTION

Just south of the Connersville Airport and nearby Ivy Tech Community College • Immediately adjacent to the local WalMart • Large lot for redevelopment • Potential motel conversion into multifamily or scrape and build new • Frontage on a busy highway with good traffic counts 2024 QCT Tract • Located within 2024 QCT Tract

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
21-05-12-200-010.000-008
Land Assessment
$223,300
Improvements Assessment
$54,900
Total Assessment
$278,200
  • Listing ID: 31424072

  • Date on Market: 4/5/2024

  • Last Updated:

  • Address: 4300 N Western Ave, Connersville, IN 47331

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