Excellent investment opportunity! This impressive 124-acre tract is ideally located just 5 miles southeast of the rapidly growing New Albany International Business Park. The property spans 3,926 feet along the north side of State Route 161, just east of Route 310. A 16' waterline is available on Jersey Mill Road at the northwest corner of the site, and a new 3-million-gallon-per-day sewer plant is planned directly east of the property, currently moving through the design phase. No additional land will be taken from this parcel for the upcoming six-lane expansion of State Route 161. Recent area acquisitions include multiple medical companies to the west, further highlighting the region's strong growth trajectory. The seller is open to considering a single-investor buy-in opportunity of this exceptional tract.
| Date | Event | Price | $/Sqft | Source |
|---|---|---|---|---|
| For Sale ~ Price Changed Lots And Land | $10,500,000 -11% | Forman Realtors, Inc | ||
| For Sale ~ Price Changed Lots And Land | $11,800,000 -17.2% | Forman Realtors, Inc | ||
| Listed For Sale Lots And Land | $14,250,000 | Forman Realtors, Inc |
| Year | Annual Amount | Description |
|---|---|---|
| 2024 | $13,882 |