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4146 W State Road 56, Hanover, IN 47243

$450,000
: 3
BD
: 2
BA
: 2,088
SqFt

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List Price: $450,000
Status: ACTIVE
MLS#: 2026011386
Bedrooms: 3
Full-baths: 2
Sq. Ft: 2,088
Acres: 2.89
Year Built: 1960

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Property Description

Investors- Developers Take Note! Prime Land Opportunity. Take advantage of the expansion of Hanover's fast growing commercial development and neighboring Hanover College! The Town of Hanover has recently annexed this property into town limits and has approved a comprehensive plan labeling this property potential to be mixed use zoning. Currently zoned R-1 allows up to 4 single family homes per acre, but with the need for more housing, this is enough land for apartments or duplexes. It is also large enough for potential commercial use.... Just to the west is commercial zoned with Dollar General, Urgent Care, Overhead Door, McDonalds, Subway, Taco Bell, and Gas Station. Property has an updated recorded survey. The current residence is a 3 bedroom/2 bathroom home that could continue on as a single family residence/rental or converted to an office/business. ***Some photographs are potential conceptual development renderings. Seller is willing to short term lease the property... $1,800.00/mo utilities included. No pets. No smoking. Tenants must pass a background and credit check.

812-414-5298

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Additional Information

Style: One Story
Foundation: Block
Exterior Features: Patio
Interior Features: Breakfast Bar, Bookcases, Ceramic Bath, Separate/Formal Dining Room, Main Level Primary, Pantry
Appliances: Dryer, Dishwasher, Disposal, Microwave, Oven, Range, Refrigerator, Water Softener, Washer
Basement: Sump Pump
Fireplaces: 2
Cooling: Central Air
Heating: Forced Air
Sewer: Septic Tank
Water: Connected, Public