Station Rd - 4311 E. Station Road
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Station Rd - 4311 E. Station Road
20.42 Acres of Commercial Land Offered at $1,200,000 in Roanoke, IN 46783
INVESTMENT HIGHLIGHTS
- Strategic Growth Potential
- Flood Management Flexibility
- Prime Location
EXECUTIVE SUMMARY
This prime 20.4-acre parcel offers exceptional development potential in the rapidly growing town of Roanoke. With 18 acres zoned for agriculture and 2 acres zoned for commercial use, and all utilities available, this land is ideally suited for a wide range of uses, from commercial ventures to multi-purpose development projects. Bordering US Highway 24, with a daily traffic count of 15,000 vehicles, the property enjoys high visibility and convenient access. There have been discussions regarding a new stoplight at the southwest corner will further enhance accessibility, in addition to the two existing entry points. Approved plans for mini-storage on the 2-acre commercial parcel are already in place, offering a ready-made opportunity for the next investor to capitalize on. The property also has space for a retention pond, ensuring flood management for future commercial building lots. Located near Roanoke’s thriving restaurants, boutiques, and healthcare facilities, this parcel is poised to become the focal point of future development in the area. Its strategic position will define the next phase of growth in this vibrant town, making it a rare and valuable opportunity for forward-thinking investors and developers.
PROPERTY FACTS
| Price | $1,200,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Retail |
| No. Lots | 1 | Total Lot Size | 20.42 AC |
| Property Type | Land |
| Price | $1,200,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Retail |
| Total Lot Size | 20.42 AC |
1 LOT AVAILABLE
Lot
| Price | $1,200,000 | Lot Size | 20.42 AC |
| Price Per AC | $58,765.92 |
| Price | $1,200,000 |
| Price Per AC | $58,765.92 |
| Lot Size | 20.42 AC |
20.42 acre parcel that borders a river and US Highway 24. Ideal for development, room for a 4-acre retention pond to elevate ground for improvements out of the flood plain. Dual access for two entrances offering flexibility for various opportunities.
PROPERTY TAXES
| Parcel Number | 35-01-23-200-035.100-007 | Improvements Assessment | $100 |
| Land Assessment | $43,300 | Total Assessment | $43,400 |
PROPERTY TAXES
Parcel Number
35-01-23-200-035.100-007
Land Assessment
$43,300
Improvements Assessment
$100
Total Assessment
$43,400
ZONING
| Zoning Code | Agricultural (Agricultural) |
| Agricultural (Agricultural) |
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Station Rd - 4311 E. Station Road
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