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SW Corner County Line Road and Five Points Rd

80.9 Acres of Residential Land in Greenwood, IN 46143

Investment Highlights

  • Excellent Access - Two Major Interchanges
  • Highly Desirable Greenwood Location
  • 80+ Acres of Development Land
  • Utilities On-Site or Adjacent
  • Recent Survey and Clean Phase I
  • Development Projects in Process - Path of Progress

Property Facts

Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Residential
Total Lot Size 80.90 AC

1 Lot Available

Lot 1

Lot Size 80.90 AC

This 80.9 acres parcels is naturally divided by Grubs Ditch (drainage outlet). An excellent development opportunity for mixed use. The north end would support Neighborhood Commercial (15.25) and south would be Mixed-Density Residential (65.65).

Description

This development property is in highly desirable Johnson county and will be annexed into Greenwood. The parcel is 80.9 acres and the Comprehensive Plan and Greenwood Planning Department would likely support a mixed use development. The 15.25 acres north of Grubs Ditch could be Neighborhood Commercial and the 65.65 acres south could be Mixed-Density Residential. Neighborhood Commercial: Neighborhood-scale commercial areas are intended to contain a mix of active uses at key intersections that serve surrounding residential neighborhoods. They may include office, retail, restaurant, and personal service businesses. These centers should be compatible with and contribute to adjacent neighborhood and streetscape character. They should frame and activate adjacent streets and not be defined by large parking lots. Neighborhood commercial centers should feature high-quality architecture, plazas, outdoor dining areas where applicable, and pedestrian and bicycle amenities that create active, connected gathering places. Mixed Residential: The Mixed Residential land use classification allows for a variety of housing types and densities, depending on adjacent context and supporting transportation and utility infrastructure. Single-family homes, duplexes, townhomes, patio homes, and small-scale multi-family structures that fit the character of existing development are recommended. These areas encourage greater flexibility in form and scale to achieve active, cohesive, and vibrant neighborhoods designed around a walkable and connected street network. Mixed residential development should incorporate natural features to highlight existing tree stands, ponds, and water courses as accessible community amenities.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
41-02-26-011-001.000-023
Land Assessment
$198,200
Improvements Assessment
$0
Total Assessment
$198,200

zoning

Zoning Code Future Mixed Use (A mixed-use development will be the best opportunity in this location. 15.25 of Neighborhood Commercial and 65.65 Mixed-Density Residential.)
Future Mixed Use (A mixed-use development will be the best opportunity in this location. 15.25 of Neighborhood Commercial and 65.65 Mixed-Density Residential.)
  • Listing ID: 31506267

  • Date on Market: 4/14/2024

  • Last Updated:

  • Address: SW Corner County Line Road and Five Points Rd, Greenwood, IN 46143

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