Access off Hwy 9 and 900 S , Pendleton, IN 46064(Madison County)

17 Acres, Pendleton, IN, Zoned Residential

Located in the hot market city of Pendleton, IN, this 17-acre property presents a unique opportunity for real estate investors and developers. With access off State Hwy 9 and 900 S with an easement already in place, the property boasts easy accessibility and convenience. The property is already zoned residential.

The property comprises tillable ground, with the north side having had new tile installed just 2 years ago. This translates to a more efficient drainage system, thereby increasing crop yield potential. Currently, the property is being leased out for cash rent at $2080 per year, making it an attractive investment opportunity.

Another advantage of this property is its proximity to utilities. City sewer runs along the back side of the homes and city water is across the street. With utilities located nearby, this presents a great opportunity for developers to tap into the growing dema...