1379 Morton Avenue, Martinsville, IN 46151

Property Description

Outstanding commercial development opportunity along the highly visible Morton Avenue/SR 39 corridor in Martinsville. This approximately 1.83-acre site offers B-2 General Business zoning, excellent exposure, and convenient access to I-69 at Exit 137, positioning the property within one of Martinsville's key commercial corridors. City utilities, including water, sewer and gas, are available to the site, providing flexibility for future redevelopment. A unique advantage of this property is the presence of two existing residential homes, creating the potential for interim rental income while a purchaser completes planning, design, permitting and execution of the site's long-term commercial use. Suitable for consideration as a 1031 replacement property; buyer to consult tax advisor/qualified intermediary. This can help offset holding costs and provides additional flexibility for an investor or developer who may not be ready to immediately redevelop the property. The location and zoning support a variety of potential commercial uses, including retail, restaurant, professional or medical office, service-oriented businesses and other uses permitted within the B-2 district. With strong visibility, established surrounding commercial activity, income-producing potential during the development phase, and easy access to both Martinsville and I-69, this property presents a compelling opportunity for an owner-user, investor or developer seeking a strategically located commercial site. Buyer to independently verify zoning, permitted uses, rental potential, utilities, access and development requirements.