132 ACRES ON U.S. 40 IN HANCOCK COUNTY

Vacant Land for Sale
Sale Pending/Contingent
Catylist Listing ID: 30682049
Property Subtypes: Multi-Family, Office, Retail, Other
Status: Pending/Contingent
Gross Land Area: 132 Acres
Sale Price: $2,500,000
Unit Price: $18,939 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 2/23/2021

Overview / Comments

NICE FLAT PROPERTY IS RECTANGULAR IN SHAPE. THERE ARE TWO PARCELS IN THIS OFFERING. FRONT 52 ACRES IS IN SUGAR CREEK TWP. AND REAR PARCEL IS IN BUCK CREEK TWP. OFFERING TWO DIFFERENT SCHOOL OPTIONS! FRONT IS ZONED FOR RETAIL AND IS ANNEXED INTO CUMBERLAND (ALTHOUGH LOCATED IN HANCOCK CO.). REAR 80 ACRES IS IN HANCOCK CO. AND ZONED R2.5 FOR HIGH DENSITY RESIDENTIAL. SEWER/WATER THROUGH TOWN OF CUMBERLAND. GOOD FRONTAGE. IDEAL FOR PLANNED UNIT DEVELOPMENT. IF ANNEXED, EVERYTHING WILL BE ANNEXED SO THAT BUYER ONLY GOES BEFORE CUMBERLAND. IDEAL FOR RETAIL IN FRONT AND RESIDENTIAL IN REAR. THIS PROPERTY WOULD ALSO MAKE A TERRIFIC OFFICE PARK!

Additional Details

Nearest MSA: Indianapolis-Carmel-Anderson
County: Hancock
Taxing Authority: HANCOCK COUNTY
Tax ID/APN: 30-09-01-100-002.000-024, 30-05-36-400-011.000-006
Zoning: C:N AND R2.5
Property Located Between: HANCOCK CR 600W AND 700W ON NORTH SIDE OF U.S. 40 IN HANCOCK COUNTY
Property Visibility: Excellent
Legal Description: W NE 1-15-5 (52 ACRES) AND W SE 36-16-5 (81 ACRES)
Largest Nearby Street: U.S. 40
Feet of Frontage: 1,370
Highway Access: U,S, HIGHWAY. I-70 APROX. 2 MILES; I -465 IS APPROX. 5 MILES. EXCELLENT ACCESS TO INDY.
Airports: MT. COMFORT REGIONAL - A DIV. OF IAA - APPROX. 5 1/2 MI.
Site Description: RECTANGULAR, FLAT, READY TO DEVELOP.
Area Description: AREA IS MOSTLY RESIDENTIAL MOVING EAST AND SOUTH.
Lot Frontage: 1370
Lot Depth: 4200
Zoning Description: C:N - COMMERCIAL:NEIGHBORHOOD (RETAIL) AND R 2.5 - RESIDENTIAL 2.5 HOMES PER ACRE.
Topography: Level
Easements: Ingress/Egress
Soil Type: Mixed
Available Utilities: Electric, Water, Gas, Sewer, Cable, Broadband, Internet Access
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 1,229 7,028
Median Age: 44.9 38.91
Households: 487 1,705

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