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Listed by Michael Kosene • Kosene & Kosene Residential
$1,499,999
Est. payment /mo
39.95 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Farm
Listing Status Active
Purchase Type For Sale
Subdivision Madison Avenue
MLS Listing ID 22025177
HOA Y/N No
Tax Year 2024
Lot Size 39.950 Acres
Acres 39.95
Property Sub-Type Farm
Property Description
This offering presents an exceptional opportunity to acquire approximately 40 acres within the incorporated Town of Pendleton, one of Madison County's most established and steadily growing communities. The property is identified in the Town's Comprehensive Plan for future residential development and represents one of the last remaining large contiguous tracts within municipal boundaries. All utilities are available at the site, providing a strong foundation for efficient development planning. Strategically positioned near key community amenities, the property offers proximity to local retail services, municipal facilities, and Pendleton's historic downtown district. The site also benefits from convenient regional connectivity via State Road 67, providing direct access to the greater Indianapolis metropolitan area. Pendleton is known for its well-maintained infrastructure, walkable downtown environment, and golf-cart-permitted local road network - a distinctive community feature that enhances internal connectivity and local mobility. With limited remaining large-scale residential land within town limits, this offering presents a rare opportunity for developers to deliver thoughtfully planned housing in a supply-constrained submarket supported by strong regional growth dynamics. The seller welcomes proposals and encourages prospective purchasers to submit development concepts for consideration.
Location
State IN
County Madison
Zoning A-1
Interior
Fireplace N
Exterior
View Y/N false
Building
Sewer Public Sewer
Water Public
New Construction false
Schools
Elementary Schools Pendleton Elementary School
Middle Schools Pendleton Heights Middle School
High Schools Pendleton Heights High School
School District South Madison Com Sch Corp
Others
Acceptable Financing Not Applic
Listing Terms Not Applic
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