Charlestown 0.28 Acres

If you have additional questions or would like to arrange a visit, please contact us here.

Property Address: 2005 Market St, Charlestown, IN 47111 (Google Maps Yahoo Maps).

Location: Inside the city limits of Charlestown, Clark County, Indiana

Price: $45,000

Size: 0.281 acres, per county assessor's office

Access: The property has paved road frontage of 83 feet on Market Street (Indiana State Route 3) and paved road frontage of approximately 95 feet on 5th Street. The present driveway entrance is on 5th street. The lot is a rectangle 125 feet x 100 feet, minus a small triangle at the corner that is owned by the State of Indiana.

Assessor's Parcel Number: 18-00023-015-0

Latitude/Longitude: The center of the property is approximately 38°28'11" North, 85°40'11" West.

Description: Nice level corner lot with commercial zoning along Market Street, also known as Indiana State Highway 3, a busy 4-lane road.

Utilities: Power, phone, and public water and sewer are avaialble on the property.

Zoning: The property is zoned B-1 (Limited Business), which permits a wide range of residential and commercial uses, but no heavy industry. See details in the Zoning Code posted on the City of Charlestown website.

Community: Charlestown is a bustling community in the metropolitan Louisville, Kentucky area, about 25 minutes from downtown Louisville. Highway 3 (Market Street) is the main drag, home to restaurants, churches, and a variety of businesses. This lot sits about ¼ mile from Saint Catherine Regional Hospital in an area mixed with homes and businesses.

Property Taxes: $612 per year.

Title Transfer: We provide a Warranty Deed and guaranteed insurable title. Title insurance policy is available at Buyer's expense.

Highest and Best Use: The site is ideal for construction of a combination of home and office for a doctor, realtor, attorney, or other small business person.

Investment Merits: There is potential for short-term gain because very few properties are available along Market Street and this one is the lowest-priced. There is also excellent price appreciation potential for the long-term investor; residential and commercial development is radiating outward from the center of Charlestown and also towards Charlestown from the more densely populated communities of Clarksville and Jeffersonville. The Ohio River Bridges Project has the potential to dramatically increase real estate values in Clark County over the long term.

Financing: Seller financing is available, with flexible terms.

Comparison Shopping: Browse the MLS at Realtor.com or via the Southern Indiana Realtors Association website. The lowest-priced listing on Market Street as of this update (4/14/08) is $89,900 for a 0.263-acre lot with a 1,086 square foot home (built in 1954). Other listings range from $119,900 to $450,000.

Photos: The photos below were taken at the property in April 2008. Click on any of them for a larger size photo.

View looking into the property from 5th & Market	View looking out from the property towards Market Street
View looking along a fence along the back property line	View looking across the property from 5th Street
Corner of 5th and Market, looking across to the park	View up 5th Street away from Market
Close-up of the park across Market Street from the property	View of the property from the park
Looking northbound up Highway 3 (Market St) from the property	Looking southbound down Highway 3 (Market St) from the property

The following photos were taken about ¼ mile from the property in April 2008, showing the hospital, doctor's office complex, and a sign announcing a new assisted living complex being developed next to the hospital. Click on any of them for a larger size photo.

Hospital sign	Emergency Room sign
Doctors' offices	New development announcement