4070 S Walnut Street Pike is aland property for lease in Bloomington, IN.
MIXED USE DEVELOPMENT OPPORTUNITY! A Developer’s Dream! For sale is a 3 parcel estate totaling 5.1 acres. Location, future county/city planning, and projected growth within the area make this estate ripe for development in a premier locale. The land is nestled at the intersection of Rhorer Road and Old South Walnut Street Pike, and is one of the last undeveloped corners in the city. Positioned within, “The Fringe of Bloomington,” the property is incorporated into the Monroe County Urbanization Project. Anticipated population growths projected by census and consulting firms have demanded that the county design the Fullerton Pike/Gordon Pike/Rhorer Road Corridor, directly linking the southern portions of the Urbanization Project to the newly constructed I-69. In essence, the estate lies in a central location of what will become the, “Southern-East to West Beltway of Bloomington.”
High traffic volumes, expected growth/urbanization, integral developmental opportunity of this area, and goals of connectivity in transportation has prompted the county to make strategic and deliberate efforts in widening Rhorer Road, which lines the north side of the acreage. Visions for the project include a right hand turn at the intersection lining the estate, as well as a three way stoplight, landscaped medians, pedestrian walkways, and bike lanes. Furthermore, surrounding development includes a Kroger shopping center, residential conversions, and a CVS Pharmacy located only minutes away. Additionally, the property is only 6.5 miles from Lake Monroe. These factors and future planning for the area make for great potential in the property becoming a primary and focal area of the new Urban Living on the Southside of Bloomington.
The property has been described by county planners as, “unique,” and a great space for, “vertical development, creating high density living and activity space for a true spring forward in urbanization.” Furthermore, it was said of the estate, “ these unique characteristics in location and potential of the property give great flexibility in zoning of the space.” Providing unique and promising location, natural beauty of old growth with wide green spaces, and its incorporation into future city/county planning make the property versatile with endless possibilities and potential regarding design and development. In essence, A Developer’s Dream.
For Further Information please contact Ron Plecher or Jim Regester at RE/MAX Realty Professionals at 812-323-1231.
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