1560 E 10th Street Jeffersonville, IN 47130

REVAMP, RETHEME, RESTART! This AUCTION features a RARE opportunity to purchase 4.126 acres of C1 zoned (Small to Medium Scale General Commercial) real estate ideal to repurpose for multifamily residential development or retail! Property is the original 42-unit "Jefferson Villa Motel" which closed Ma...rch 2020 due to COVID-19. Family owned since 1960 and not been offered to the public since then! Property includes (5) 1956 built concrete block & wooden frame buildings with 13,000+ SF (all in need of repairs & updates), 430â+/- road frontage on E 10th St, & high visibility. Located just 1.5 miles from I-65 Exit #1 (Downtown Jeffersonville), 3.5 miles from I-265, & 4 miles from Louisville, KY! EXCELLENT proximity to restaurants, shopping, fun things to do, parks, and other amenities! Clark County has a population of 121,000+ and steadily growing! Outstanding investment opportunity! 2022 ANNUAL AVERAGE DAILY TRAFFIC: 15,529 (from INDOT-Traffic Count Database System); ZONING & OVERLAY DISTRICT: C1 - Small to Medium Scale General Commercial & 10th Street Traditional Marketplace. This district is established for a wide variety of retail, commercial, service, entertainment, and eating establishments that are small to medium in scale. UTILITIES: Electric-Duke Energy; Water-Indiana American Water; Sewer-City of Jeffersonville; Gas-CenterPoint; Internet/TV/Phone-Spectrum; Note: residential buried fuel oil tank onsite (no longer in use-exempt from IDEM regulations). Continue reading