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Listed by Scott Dodson • Fox Haven Realty, LLC
$ 599,999
Est. payment /mo
Active
1379 Morton AVE Martinsville, IN 46151
1,804 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
Square Footage 1,804 sqft
Price per Sqft $332
MLS Listing ID 22122971
Year Built 1940
Tax Year 2025
Lot Size 0.600 Acres
Acres 0.6
Property Sub-Type Business
Property Description
Outstanding commercial development opportunity along the highly visible Morton Avenue/SR 39 corridor in Martinsville. This approximately 1.83-acre site offers B-2 General Business zoning, excellent exposure, and convenient access to I-69 at Exit 137, positioning the property within one of Martinsville's key commercial corridors. City utilities, including water, sewer and gas, are available to the site, providing flexibility for future redevelopment. A unique advantage of this property is the presence of two existing residential homes, creating the potential for interim rental income while a purchaser completes planning, design, permitting and execution of the site's long-term commercial use. Suitable for consideration as a 1031 replacement property; buyer to consult tax advisor/qualified intermediary. This can help offset holding costs and provides additional flexibility for an investor or developer who may not be ready to immediately redevelop the property. The location and zoning support a variety of potential commercial uses, including retail, restaurant, professional or medical office, service-oriented businesses and other uses permitted within the B-2 district. With strong visibility, established surrounding commercial activity, income-producing potential during the development phase, and easy access to both Martinsville and I-69, this property presents a compelling opportunity for an owner-user, investor or developer seeking a strategically located commercial site. Buyer to independently verify zoning, permitted uses, rental potential, utilities, access and development requirements.
Location
State IN
County Morgan
Zoning B2
Interior
Heating Natural Gas
Fireplace N
Exterior
Utilities Available Electricity Connected, Water Connected
View Y/N true
View Trees/Woods
Building
New Construction false
Schools
Middle Schools John R. Wooden Middle School
High Schools Martinsville High School
School District Msd Martinsville Schools
© 2026 All listing information is courtesy of MIBOR Broker Listing Cooperative(R) as distributed by MLS Grid. All rights reserved.
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