45.61 AC Development Opportunity w/ Interstate Frontage

Description:

1,200' of Interstate Frontage | Potential for Retail, Multifamily, or Industrial Development

±45.61 acres of prime interstate-front development land located just off I-65 at Exit 16 in Memphis, Indiana, within the Louisville MSA. The site features approximately 1,200 feet of frontage along I-65 and additional frontage on Highway 31, offering exceptional visibility and access with exposure to over 47,000 vehicles per day.

Comprised of three contiguous parcels and currently zoned Agricultural, the property provides a true blank slate for development. Its size, frontage, and strategic positioning make it well-suited for a variety of uses including industrial, logistics, multifamily, or a larger-scale mixed-use concept.

The property benefits from strong regional connectivity, with access to River Ridge Commerce Center in approximately 18 minutes and Louisville’s urban core in roughly 25 minutes. The surrounding area is supported by a growing population base, strong household incomes, and a deep regional 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 user and development strategies.

Investment highlights:
* ±45.61 Acres (3 Contiguous Parcels)
* ±1,200 FT of I-65 Frontage
* Direct Access via Exit 16 (Memphis, IN)
* Additional Frontage on Highway 31

Traffic Counts:
* I-65: 47,395 AADT
* Hwy 31: 4,881 AADT
* Zoned Agricultural (Ideal for Repositioning / Development)

Suitable for:
* Industrial / Logistics
* Multifamily
* Mixed-Use Development
* 18 Minutes to River Ridge Commerce Center
* ~25 Minutes to Downtown Louisville
* Proximity to Major Regional Industrial Hubs
* Nearby 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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