21.46 AC Development Site w/ Interstate Frontage

Description:

Potential for Retail, Multifamily, or Industrial Development


±21.46 acres of highly visible development land located just off I-65 at Exit 16 in Memphis, Indiana, within the Louisville MSA. The property features approximately 651 feet of frontage along I-65 and is situated less than a quarter mile from the off-ramp, providing excellent accessibility and exposure to over 47,000 vehicles per day.

Comprised of three contiguous parcels and currently zoned primarily M-1 (Industrial) with a portion zoned Agricultural, the site offers immediate utility for industrial users while also supporting a variety of potential development strategies, including retail, multifamily, or a mixed-use concept.

The property benefits from strong regional connectivity, with access to River Ridge Commerce Center in approximately 18 minutes and Downtown Louisville in roughly 25 minutes. The surrounding area is supported by a stable and growing population base, strong household incomes, and an established workforce.

Additionally, an approximately 80-acre neighboring tract has been acquired by the Indiana National Guard and is planned for a consolidated armory, recruitment, and training facility serving Southern Indiana, bringing long-term institutional investment and increased activity to the immediate area.

Ownership is flexible and willing to allow time for zoning changes and development approvals. The site can be acquired as a whole or subdivided to accommodate a range of users and development strategies.

Investment highlights
* ±21.46 Acres (3 Contiguous Parcels)
* Zoned M-1 (Industrial) with Portion Agricultural
* ±651 FT of I-65 Frontage
* Less Than ¼ Mile from I-65 Exit 16
* ±900 FT of Frontage on Blue Lick Road

Traffic Counts:
* I-65: 47,395 AADT
* Blue Lick Rd: 8,672 AADT

Suitable for:
* Industrial / Owner-User
* Retail / Highway Commercial
* Multifamily
* Mixed-Use Development

18 Minutes to River Ridge Commerce Center

~25 Minutes to Downtown Louisville

Proximity to Major Regional Industrial & Retail Hubs

Neighboring 80-Acre Indiana National Guard Development (Planned)

Seller Will Consider Selling All or Part

Seller Open to Zoning & Entitlement Timelines

Located just off I-65 at Exit 16 in Memphis, Indiana

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