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Ideal Redevelopment Parcel, 7.14 Ac

2929 Great Escape Drive : Bedford, IN 47421

Lawrence County, Indiana

7.14 Acres
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Ideal Redevelopment Parcel, 7.14 Ac : Bedford : Lawrence County : Indiana

Land Description

RI Marketplace Online Auction March 25-27, 2024.

Register to Bid On Marketplace.

Investment Highlights

Redevelopment Opportunity: Situated on approximately 7.14 Acres and zoned Planned Business District, this asset is ideal for redevelopment.

Parcel Flexibility: The offering is made up of three parcels allowing buyers the ability to execute on a parcel spin off depending on their needs.

Situated between Two Us-50 Exits: Located between two exits off Us-50 providing seamless access to the submarket's major thoroughfare.

Walmart/Lowe's Trade Area: Per Placer, Walmart and Lowe's Bedford locations both rank in the top 80% percentile within their respective chains' Indiana locations and pull from an expansive trade area.

Offering Summary

Atlantic Capital Partners, in conjunction with RI Marketplace, is pleased to offer for sale 2929 Great Escape Drive, a former Regal Cinema located in Bedford, Indiana. This offering is made up of three parcels totaling 7.14 AC with 18,888 SF of existing improvements.

2929 Great Escape Drive is ideally situated along Shawnee Drive between two Us-50 exits that sees 20,190 vehicles per day. The Property is located approximately 1-mile from Lowe's and Walmart Supercenter and less than 2 miles from downtown Bedford, all of which pull traffic to the submarket. The Property is unencumbered by any tenant leases and is primed for redevelopment - zoned B-3 (Planned Business District), which allows for a variety of uses. Additionally, the Property is positioned adjacent to a recently constructed senior housing project, Autumn Trace, which is under the same underlying zoning.

Dennis Jackson Auctioneer

IN License: Au01014422

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