460 E Madison Avenue, Pendleton, IN 46064
- $1,499,999
- List Price
- $1,499,999
- MLS#
- 22025177
- Property Type
- Land
- Days on Market
- 167
- Status
- ACTIVE
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.
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Additional Information
- Present Zoning
- Agricultur
- Number of Lots
- 1
- Land Characteristics
- City, Irregular Lot, Suburban
- Topography
- Level
- Soil Type
- Other
- Development Status
- Surveyed
- Facilities on Site
- None, Electric, Gas, Rail, Sewer, Telephone, Water, Water & Sewer
- Facilities near Site
- Electric, Sewer, Water
- Water
- Municipal Water on Site
- Sewer
- Public Sewer
- Road Access
- Street Cuts
- Road Frontage
- City Street
- Road Surface
- Asphalt
- Acres
- 39.95
- Water
- Municipal Water on Site
- Region
- Fall Creek
Listing courtesy of Michael Kosene from Kosene & Kosene Residential
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