66 State Road

Description

Rare development opportunity offering approximately 17.47 acres along State Road 66 in Newburgh with excellent visibility, public utilities available and two separate access points. The property provides approximately 500 feet of frontage at one access and an additional 668 feet at the second, creating flexibility for site planning, traffic flow or phased development. Current zoning reportedly includes approximately 3 acres of C-3 Highway Commercial, 8.5 acres of R-2A Two-Family Residential and 5.91 acres of R-3 Resort. Potential uses may include highway-oriented retail, office, restaurant, hospitality and service businesses; single-family, duplex or condominium development; and certain recreation or hospitality-related uses. R-3 uses require special-use approval. The property consists of two individual parcels that are being offered and must be purchased together. Following closing, the parcels may be separately conveyed; however, any further division or subdivision of either parcel would be subject to applicable county requirements and approval. Buyers should independently verify zoning boundaries, permitted uses, utilities and all development or subdivision requirements with the Warrick County Area Plan Commission.