0001 Emerson Avenue, New Castle, IN 47362
0001 Emerson Avenue, New Castle, IN 47362
0001 Emerson Avenue, New Castle, IN 47362
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Drew Dial

Drew Dial

+1(317) 614-5445
$263,000
Est. payment /mo
3.97 Acres Lot
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Key Details

Property Type Vacant Land

Sub Type Commercial Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID 202607720

Annual Tax Amount $3,607

Tax Year 2025

Lot Size 3.970 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

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Indiana Regional MLS (IRMLS)
IDX information provided by the Indiana Regional MLS
Listed by Susan Neal • RE/MAX First Integrity • Office: 765-529-2211

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Drew Dial

Drew Dial

+1(317) 614-5445

Principal Broker, Indiana | RBRB14047921

Principal Broker, Indiana RBRB14047921

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