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888 N State Road 3

Lexington, IN 47138

ActiveListed May 15, 2026 · 139 days on market

Key facts

Lot
8.3 acres
Type
Land · Unimproved Land
MLS #
22102533
County
Scott
Subdivision
No Subdivision

About this home

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.

Description provided by the listing brokerage.

Exterior

Other structures
Not Applicable

Systems

Sewer
Septic Needed

Lot and HOA

Lot features
Rural - Not Subdivision
Zoning
Currently Agricultural

Schools

Middle school
Scottsburg Middle School
High school
Scottsburg Senior High School
School district
Scott County School District 2

Taxes

Estimated annual tax
$1,532 / yearTwice the semi-annual installment the listing reports.
Tax year
2026

Estimate your monthly payment

$5,384per month, estimated
Principal and interest $4,915Property tax $128Insurance $341
20% · $195,000
6.47%
Loan type
Loan term

Estimates only. This calculator does not give a quote. Defaults reflect Marion County / Indianapolis averages: property tax from this home's actual county bill, homeowners insurance at 0.42% annually. Conventional: PMI runs 0.55% of the loan annually when your down payment is below 20%, and drops automatically at 22% equity. Your real number depends on credit, taxes assessed for the parcel, escrow, condo insurance, and HOA. Rates as of May 2026 and subject to change.

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Listed at$975,000
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