$975,000

888 N State Road 3, Lexington IN, 47138

Price per sqft$2.70

Lot size8.3 Acres

Property typeLand

Overview

Active

Listed May 16, 2026

Updated 4h ago

**ZONING CHANGE as of October 2026- now zoned B2 GENERAL BUSINESS-- PARCEL C – 2 ACRES of PRIME DEVELOPMENT OPPORTUNITY! Opportunity in a high-traffic rural corridor with an unmet demand for commercial services! This 8-acre tract offers a rare "clean slate" for developers and investors looking to fill a major gap in the market. Located along State Road 3, this property benefits from strong pass-through traffic with limited nearby options for gas, food, or retail - the closest amenities are 15+ minutes away, creating a built-in customer base and everyday demand. This location is ideal for a convenience store, gas station, retail center, or quick-service restaurant to serve local residents, commuters, and travelers who currently have no nearby options. The surrounding rural community presents a unique opportunity for a high-visibility commercial hub where competition is minimal and need is high. With approximately 8 acres of level, usable land, there is flexibility for multiple layouts, future expansion, or phased development. Whether you're a seasoned developer or an investor seeking your next growth project, this property offers location, traffic exposure, and market demand - the trifecta for long-term commercial success. Don't miss your chance to secure a strategic footprint in an underserved area with strong development potential. Also listed as Parcel C- 2 Acre Tract- MLS Listing #:2026011029.

Additional information

MLS^® ID: 202608371

Exterior Features

Lot Size: 8.3 Acres

Other Property Details

Taxes: $1,533
Tax Frequency: Annually

Listed by Casey Elkins with Kovener & Associates Real Esta
Listing Contact: 812-565-9048

The IDX display contains information sourced from the Southern Indiana REALTORS® Association as of 10/13/2026. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

Data last updated on 10/13/2026 at 2:45 AM UTC