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$ 195,000
Est. payment | /mo
25.26 Acres Lot
$ 195,000
Est. payment | /mo
25.26 Acres Lot
Key Details
Property Type Vacant Land
Sub Type Industrial Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 202339955
Annual Tax Amount $12,600
Tax Year 2022
Lot Size 25.260 Acres
Property Sub-Type Industrial Land
Property Description
This exceptional 25-acre parcel presents an outstanding development opportunity, prominently situated along State Road 32W, a prominent thoroughfare in the western Muncie area. The property boasts a diverse layout, featuring approximately 5 acres of well-maintained paved space, along with an additional 7 acres of fertile tillable land. The front section is securely fenced, while the rear part includes a specialized treatment facility and three retention/settling ponds thoughtfully designed along the White River. Notably, the front half of this property is currently under lease to AEP for three years, generating a steady annual income of $30,000, paid in full at beginning of new lease year. The details of this lease agreement will be made available upon acceptance of a purchase agreement.
Location
State IN
County Delaware County
Area Delaware County
Direction SR 32 West from Tillotson to sign on Northside
Building
New Construction No
Schools
Elementary Schools Pleasant View K-2 Yorktown 3-5
Middle Schools Yorktown
High Schools Yorktown
School District Yorktown Community Schools
IDX information provided by the Indiana Regional MLS
Listed by Jacob Wagner • Coldwell Banker Real Estate Group • Agent: 317-448-8852