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Listed by Susan Neal • RE/MAX First Integrity • Office: 765-529-2211
$ 265,000
Est. payment /mo
Active
0000 Emerson Avenue New Castle, IN 47362
4 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Commercial Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 202606599
Annual Tax Amount $3,607
Tax Year 2025
Lot Size 4.000 Acres
Property Sub-Type Commercial Land
Property Description
Commercial Development Opportunity - Northfield Complex | Emerson Ave | New Castle, Indiana Positioned within one of New Castle's most active and established mixed-use corridors, this 4-acre corner parcel offers a premier development opportunity inside the Northfield Complex on Emerson Avenue. Surrounded by complementary commercial, medical, and residential growth, the site is ideally suited for a wide range of commercial or multi-family development concepts. The property features approximately 400 feet by 460 feet of frontage on a highly visible corner location, providing excellent access, layout flexibility, and strong development presence. The level topography allows for efficient site planning and reduced preparation costs, while all utilities are readily available at or near the site, supporting immediate development potential. Located just off State Road 3 with convenient connectivity to State Road 38, State Road 36, Interstate 70, and downtown New Castle, the property benefits from regional accessibility while remaining anchored within a growing local hub. The surrounding Northfield Complex includes a hospital campus, YMCA, medical offices, and professional service users, creating consistent traffic flow and built-in demand drivers. A newly developed upscale residential subdivision featuring over 80 homes further strengthens the area's growth trajectory and supports future commercial and service expansion. Currently zoned C-2, the parcel allows for a variety of permitted uses including multi-family residential, retail, medical office, restaurant, and service-oriented development. Additional adjoining land may be available, presenting a scalable opportunity for larger projects or phased expansion. This offering represents a rare opportunity to secure a strategically located, development-ready site within an established and expanding commercial site in Henry County.
Location
State IN
County Henry County
Area Henry County
Zoning C2 General Business
Direction From 3/38: Head N on SR 3to Wittenbraker Ave, turn E on Wittenbraker to Emerson. Turn S on Emerson to property on E side.
Exterior
Fence None
Building
New Construction No
Schools
Elementary Schools Wilbur Wright
Middle Schools New Castle
High Schools New Castle
School District New Castle Community School Corp.
Others
Financing Conventional,Other
Virtual Tour https://www.propertypanorama.com/instaview/irmls/202606599
IDX information provided by the Indiana Regional MLS