Description
Rare 5.46 acre development opportunity- prime commercial location near walmart. this exceptional 5.46 acre property is on the market for the first time in over 44 years! this also includes property 2240 n state hwy 3 north vernon,in 47265. ideally located between walmart and other major supercenters, this high traffic area offers potential for commercial development. currently zoned residential (easily convertible to commercial). with its prime location and heavy vehicle and foot traffic, the property is a perfect opportunity for investors or businesses. with direct access from state highway 3, it is located less than 1 mile from the multi-million-dollar highway 50 bypass completed in 2017, which provides connectivity to surrounding regions. community growth: * economic expansion: north vernon has recently secured $30 million in readi funding, earmarked for projects that enhance quality of life and attract new businesses. residential development: * north vernon broke ground on heritage estates, a $35+ million housing project adding over 111 units within 2.5 miles of property. development potential: * versatile use, ideal for grocery chains, retail outlets, or large scale commercial enterprises. * infrastructure ready, proximity to essential utilities and direct access from state highway 3 facilitate swift development. recent growth in north vernon, including new housing developments and revitalized downtown investments, makes this a can't miss opportunity!
Property Type
ResidentialCounty
JenningsStyle
TraditonalAmericanAD ID
48252075
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Property Details
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Interior Features
Bedroom Information
- Total Bedroom: 2
Bathroom Information
- Total Baths: 1
- Full Baths: 1
Interior Features
- Wood Work Painted
- Appliances: None
Flooring Information
- Construction Materials: Wood
Heating & Cooling
- Heating: Forced Air
- Cooling: Central Electric
- WaterSource: Municipal/City
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Exterior Features
Building Information
- Year Built: 1908
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Property / Lot Details
Lot Information
- Lot Square Feet: 129635
- Lot Acres: 5.46
Property Information
- Property Type: Residential
- Sub Type: Single Family Residence
- Style: TraditonalAmerican
-
Listing Information
Listing Price Information
- Original List Price: $1600000
-
Taxes / Assessments
Tax Information
- Tax Year: 2023
- Parcel Number: 400928400079000004
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Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Parking Information
- Attached Garage: 1
- Detached
-
School, Utilities &Location Details
School Information
- Elementary School:
- Junior High School: Jennings County Middle School
- Senior High School: Jennings County High School
Utility Information
- Electricity Connected, Gas Nearby, Sewer Connected, Water Connected
Location Information
- Subdivision: North Vernon
- City: North Vernon
- Direction: GPS Friendly
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BuyOwner last updated this listing Wed Jan 08 2025
- MLS: MBR22017049
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: MIBOR REALTOR® Association
is a Home, with 2 bedrooms which is for sale, it has 880 sqft, 5 sized lot, and 1 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of North Vernon , in zip code 47265, this Jennings County Home , it is in the North Vernon Subdivision, and are nearby neighborhoods.