This exceptional 1.7-acre commercial and industrial development lot, located at 4976 W Smith Valley Rd, Greenwood, IN 46142 (Johnson County), presents a remarkable investment opportunity. Currently zoned B-1, this highly visible property boasts excellent traffic flow, situated on a main artery experiencing increasing traffic counts. The property's strategic location within Center Grove benefits from the proximity to the nearing completion of the 69 project, further enhancing its accessibility and visibility. An existing structure is present on the site and would require demolition prior to any new construction. The asking price for this prime development land is $1,300,000. This location offers significant potential for a variety of commercial and industrial uses, making it an ideal choice for developers seeking a high-impact location with strong growth prospects. The property's latitude and longitude coordinates are 39.6056478 and -86.195636 respectively. This is a rare chance to acquire a substantial parcel in a thriving area with excellent visibility and convenient access. Don't miss this opportunity to capitalize on the burgeoning growth in Greenwood, Indiana.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
Alternative Use
Use
Valuation
Residential
$2,829,236
Hospitality
$2,591,564
Educational
$2,156,151
Medical
$2,230,304
Retail
$3,354,013
Location Insight
City
Greenwood
County
Johnson
State
Indiana
Latitude
39.6056
Longitude
-86.1954
CBSA code
26900
CBSA name
INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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