Prime development opportunity in a high-traffic rural corridor with an unmet demand for commercial services! This 8-acre tract offers a rare "clean slate" for developers and investors looking to fill a major gap in the market. Located along State Road 3, this property benefits from strong pass-through traffic with limited nearby options for gas, food, or retail - the closest amenities are 15+ minutes away, creating a built-in customer base and everyday demand. This location is ideal for a convenience store, gas station, retail center, or quick-service restaurant to serve local residents, commuters, and travelers who currently have no nearby options. The surrounding rural community presents a unique opportunity for a high-visibility commercial hub where competition is minimal and need is high. With approximately 8 acres of level, usable land, there is flexibility for multiple layouts, future expansion, or phased development. Whether you're a seasoned developer or an investor seeking your next growth project, this property offers location, traffic exposure, and market demand - the trifecta for long-term commercial success. Don't miss your chance to secure a strategic footprint in an underserved area with strong development potential.
Active
$975,000
888 N State Road 3, Lexington, IN 47138
--beds
--baths
8.6Acres
Unimproved Land
Built in ----
8.6 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Surrounding rural community
- 110 days
- 34
- 0
Zillow last checked:
Listing updated:
Listed by:
Casey Elkins 812-820-1526,
Kovener & Associates Real Esta,
Tamara Barger
Source: MIBOR as distributed by MLS GRID,MLS#: 22102533
Facts & features
Property
Lot
- Size: 8.6 Acres
- Topography: See Remarks
Details
- Parcel number: 720617500005000005
- Zoning: Currently Agricultural
- Zoning description: Agricultur
- Horse amenities: None
Utilities & green energy
- Sewer: Septic Needed
- Water: Municipal Water Near By
Community & HOA
Community
- Subdivision: No Subdivision
HOA
- Has HOA: No
Location
- Region: Lexington
Financial & listing details
- Annual tax amount: $1,686
- Date on market: 5/16/2026
- Cumulative days on market: 112 days
- Listing terms: Will Divide
- Road surface type: Asphalt
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 5/16/2026 | Listed for sale | $975,000 |
Source: | ||
| 5/15/2026 | Listing removed | $975,000 |
Source: | ||
| 2/20/2026 | Listed for sale | $975,000 |
Source: | ||
Public tax history
Tax history is unavailable.
Monthly payment
Climate risks
Neighborhood: 47138
Nearby schools
Schools provided by the listing agent
- Middle: Scottsburg Middle School
- High: Scottsburg Senior High School
Source: MIBOR as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.




