8911 Highway 62Charlestown, IN 47111

Property Details for 8911 Highway 62

Year built

1978

Construction

WOOD

Lot size

4.11 AC

Property size (Sq ft)

800 SF

Property type

Retail space

APN

10-03-07-200-064.000-003

APU

100307200064000003

Description

This exceptional 4.11-acre commercial property boasts a prime location on Highway 62, one of Clark County's busiest thoroughfares. Its high visibility and strategic placement directly across from the thriving River Ridge Development, home to major employers like Amazon, present a unique investment opportunity. The property is zoned B2, allowing for a wide range of commercial uses, including warehouse space, auto sales, retail shops, or office buildings. Two existing outbuildings and multiple greenhouse locations offer versatile options for immediate use or redevelopment. Ample parking is available, and the property features convenient direct access to Highway 62, ensuring easy ingress and egress. Water and electric services are available on-site, although sewer connection is not currently established. This is a rare chance to acquire a substantial parcel in one of Clark County's fastest-growing areas. Buyers are responsible for verifying square footage, tax information, and school district details. The property's potential is immense, making it an attractive investment for businesses seeking high visibility and convenient access to a major transportation artery and a rapidly expanding commercial hub. Don't miss this chance to secure a prominent location in a thriving market.

• CAP approach

  CAP return

  Valuation

  6%

  $209,943

  6.5%

  $193,794

  7%

  $179,951

• Comparable approach

  Method

  Valuation

  Relative Method

  $173,537

  Geo Method

  $173,537

• Alternative Use

  Use

  Valuation

  Residential

  $163,472

  Hospitality

  $149,740

  Educational

  $124,582

  Medical

  $128,866

  Retail

  $193,794

Location Insight

City

Charlestown

County

Clark

State

Indiana

Latitude

38.4044

Longitude

-85.6771

CBSA code

31140

CBSA name

LOUISVILLE-JEFFERSON COUNTY, KY-IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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