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7.14 acres in Monroe County, Indiana

7640 S Old State Road 37, Bloomington, Indiana 47403 - Monroe County
$350,000 7.14 Acres
Bedroom 2 Bathrooms Sq.Ft.
Property ID 3011581

Description

Priced below January, 2016 appraisal! Incredible price for 7.14 Acres zoned PB located on Bloomington's south side, convenient to SR 37 and I 69. So many possibilities for other business operations! Currently operated as Starlite Drive In now with a new digital projector. Don't want to be in the drive in business? Property is zoned PB -HIGHEST INTENSITY and may be used per Monroe County Planning Ordinances as high intensity or lower so bring your business here. It's also a fabulous place to start your dream business on this commercial spot with great edge of town location. For example, here are some nationwide averages that sets up land coverage for Self Storage Projects: Self Storage = approx. 40% coverage ratio per 1 acre, average unit size is 10x10 or 100 sq ft, which means you can put 175 - 10x10 units on 1 acre or 1,250 - 10x10 units on this 7.14 acre parcel. Contact agent for table of permitted uses by current law as well as for additional information on self storage project details. Enjoy the cash flow from the existing business with new digital projector while planning for the next. Turn key business in operation 60 years. Attention to business basics resulted in maximum occupancy sell outs. Normal business operations expanded to include private party rentals. Implemented outside food permit that helped increase concessions from 22% of gate to 75-80% of gate. Contact agent for table of permitted uses by current law.

Directions

Starlite Drive In Theater - From North State Road 37 South, at Walnut Street exit head west on Old State Road 37 S for 2.2 miles to Starlite Drive In. From South, Harrodsburg exit to north on Old State Road 37, Starlite Drive In.

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Alice Chastain

RE/MAX Acclaimed Properties

3695 S Sare Rd.
Bloomington, IN 47401

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