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120 S Memorial Dr - Kroger Outlot 0.5 Acres of Commercial Land Offered at $1,169,447 CAD in New Castle, IN 47362
Investment Highlights
- Centrally located at “Main & Main” on premier New Castle retail corridor.
- Outparcel to dominant, national grocer.
- Ideally situated close to signalized hard corner with elite visibility to 27,273 VPD.
- C2 Zoning allows for most commercial uses.
Property Facts
| Price | $1,169,447 CAD | Property Subtype | Commercial |
| Sale Type | Investment or Owner User | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 0.50 AC |
| Property Type | Land | ||
| Zoning | C2 - Allows for almost all commercial uses | ||
| Price | $1,169,447 CAD |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 0.50 AC |
| Zoning | C2 - Allows for almost all commercial uses |
1 Lot Available
Lot
| Price | $1,169,447 CAD | Lot Size | 0.50 AC |
| Price Per AC | $2,338,894.07 CAD |
| Price | $1,169,447 CAD |
| Price Per AC | $2,338,894.07 CAD |
| Lot Size | 0.50 AC |
Description
Prime Kroger outlot opportunity available for Ground Lease, Build-to-Suit, or Sale at 120 S Memorial Dr, New Castle, IN. Strategically positioned at the “Main & Main” intersection of New Castle’s premier retail corridor, the site offers unmatched visibility and access with traffic counts of 27,273 vehicles per day at the nearby signalized hard corner. This property is an outparcel to a dominant national grocer (Kroger), ensuring a steady draw of daily traffic and a strong retail co-tenancy environment. The C-2 zoning provides flexibility for a wide variety of commercial uses including retail, restaurant, medical, financial services, and more. With frontage along S Memorial Dr (19,070 VPD) and Broad St (8,203 VPD), the site delivers superior exposure and accessibility. Surrounding demographics are strong, with over 38,900 residents within a 10-mile radius and an average household income of more than $66,800. This highly visible location offers an excellent opportunity for retailers, quick-service restaurants, and service-oriented businesses seeking to establish a presence in a thriving trade area.
Property Taxes
| Parcel Number | 33-12-15-110-125.000-016 | Improvements Assessment | $5,968,207 CAD |
| Land Assessment | $1,400,989 CAD | Total Assessment | $7,369,196 CAD |
Property Taxes
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120 S Memorial Dr - Kroger Outlot
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