506 Crone RdMemphis, IN 47143

Property Details for 506 Crone Rd

Lot size

4.93 AC

Property type

Industrial properties

Description

This exceptional 4.93-acre industrial property boasts unparalleled visibility and accessibility, directly adjacent to I-65 in Memphis, Indiana. Zoned M-1 light industrial, the land comprises two parcels offering significant development potential. The property's strategic location benefits from high traffic counts due to its proximity to I-65, providing excellent exposure for any business. Further enhancing its value is a currently active billboard generating $450 per month in revenue ($5,400 annually), with a lease expiring April 30th, 2021, requiring 30 days written notice for termination. The seller has chosen not to automatically renew the lease. The recent addition of a Thorntons Fuel Store at the nearby Blue Lick exit has generated increased interest in the area, signaling a positive trend in local development. Permitted uses under Clark County zoning regulations include B2 and B classifications, offering flexibility for a variety of industrial and commercial ventures. This presents a unique opportunity to capitalize on Southern Indiana's burgeoning growth and establish a strong presence in a high-traffic location. The asking price of $350,000 reflects the property's prime location and income-generating potential. This is a rare chance to acquire a well-situated industrial property with immediate revenue generation and significant long-term growth prospects.

Location Insight

City

Memphis

County

Clark

State

Indiana

Latitude

38.4849

Longitude

-85.7728

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