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2
Bedrooms
1.0
Baths
1,268
Sqft
$453
Price/Sqft
0.48
Acres
About this home
Prime commercial development opportunity in the heart of booming Center Grove! This exceptional .48-acre corner lot sits at the bustling intersection of State Highway 135 and Stones Crossing Road, offering unparalleled visibility and access. Zoned CM, this versatile parcel supports a wide range of development options including multi-family residential, retail spaces, medical facilities, restaurants, and mixed-use projects.
Maximize your investment potential with the ability to construct up to a 40,000-square-foot, four-story building featuring a ground-level parking garage accommodating 37 vehicles. The property comes ready for development with existing curb cuts and infrastructure in place. Robust utilities are readily available, including three-phase electrical, high-pressure water and gas mains, municipal sewer, and multiple fiber options. Situated in a rapidly expanding area with a remarkable average household income of $135,000 within a mile radius, this location benefits from strong traffic counts and proximity to diverse dining options, entertainment venues, and financial institutions. The completion of major infrastructure improvements, including the East/West Highway connecting major interstates, positions this property perfectly for future growth and development opportunities.