888 N State Road 3 Lexington, IN $ 975,000
888 N State Road 3
$ 975,000
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888 N State Road 3

Lexington, IN, 47138
$ 975,000
Baths0.0

Monthly Estimate*

$ 6,003

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Studio

Lots and Land for sale in Lexington, IN

for $975,000. The lot size is 8.6.

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.

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Lots and Land Active

Price

$ 975,000

Bedrooms

Studio

Property Type

Lots and Land

Taxes

$ 1,682

Style

Lot Size

8.6

Town/City

Lexington

County/Region

Scott

MLS | Web ID

202608371

Features
General
Sewer None
Utilities Sewer Not Available Water Available
Possession Close Of Escrow
Zoning Agriculture Commercial
Township Lexington
County Scott
Property Type Land
HOA false
Status Active
Directions Located at the Y of 56/3 in Blocher area.
City Lexington
Zoning Description Agriculture Commercial
Lot Size Units Acres
Lot Size Square Feet 374616
Listing Terms Cash Conventional
Tax Annual Amount 1682
Lease Considered Y/N false
Standard Status Active
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Exterior
Water Source Not Connected Public
Lot Size Area 8.6
Lot Size Acres 8.6
Road Surface Type Paved
Lot Size Source Assessor
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* Excluded Features
List By
Casey Elkins

Listing Agent

Kovener & Associates Real Esta

Broker

CaseyBeth77@gmail.com

Email

Affordability Calculator

$6,143
Per Month
98%
2%
0%
Monthly Principal & Interest
$6,003
Monthly Property Taxes
$140
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
0 Elementary School
0 Middle School
Pricing History
DatePricePrice ChangeDescription
5/16/2026$975,000 Listed Price

Map


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888 N State Road 3, Lexington, IN, 47138 is a Lots and Land for sale at $975,000 with a lot size of 8.6. 888 N State Road 3 is a studio with 0.0 baths. The property's zip code is 47138 which is in Lexington, IN