0001 Emerson Avenue, New Castle, IN 47362
Local realty services provided by:Better Homes and Gardens Real Estate Connections
Listed by: susan nealOffice: 765-529-2211
Office: re/max first integrity
MLS#:202607720
Source:Indiana Regional MLS
Price summary
- Price:$263,000
About this home
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....
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Home facts
- Listing ID #:202607720
- Added:58 day(s) ago
- Updated:May 08, 2026 at 02:56 PM
Structure and exterior
- Lot area:3.97 Acres
Schools
- High school:New Castle
- Middle school:New Castle
- Elementary school:Wilbur Wright
Utilities
- Water:Available, City
- Sewer:City
Finances and disclosures
- Price:$263,000
- Tax amount:$3,607
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