9322 State Rd 66 (North Section), Newburgh, IN 47630

Commercial property for lease

• Description
• 7 AC of prime ground along the newly completed Warrick Wellness Trail. Located just east of the I-69 interchange, this area is the regional healthcare destination for medical professionals and more than one million regional residents. Anchored by the Deaconess Gateway Hospital, it is home to specialty clinics, medical practices, senior care facilities and the like. Local government and economic development agencies have strategically planned and developed infrastructure in this area to accommodate long term growth through creation of a TIFF designated as the Epworth Corridor Economic Development Area (T87019). The TIFF encompasses 544 parcels with gross assessed value of $280M. The redevelopment bond issuance associated with this TIFF carries an AA rating with Standard & Poors. SR 62 (Lloyd Expressway) is the main roadway connecting Vanderburgh and Warrick counties. The Warrick Wellness Trail is a new 5 lane roadway running parallel to the Expressway 1200 ft to the north. It spans 1.5 miles from Epworth Rd to Libbert Rd. The Trail includes bike paths and a beautifully hardscaped road-a-bout at the Grimm Rd intersection. To the west of the site is Arbor Development, a 75 AC mixed use development with over 100 single family homes and condominiums. Construction has recently begun on a Class A multifamily project and a hotel in this development. To the east of the site is a tract of land acquired by Meijer and set to be home of a new Supercenter that will start construction in 2018/19. Just past Libbert Rd is Bellmoore Landing, a 70 +/- AC development that is home to a Walmart Supercenter, strip centers, offices, and restaurants. Building price details: $560,000.
• Contact info
• Scott Edmond CCIM

  SVN | The Martin Group
• Note

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