ZONED COMMERCIAL. The US-62 Interchange plan has been adopted - 9/16/25. A development overlay has been adopted by the New Albany zoning board that permits for retail/commercial development on this parcel. Final approval required. Located in the New Albany US-62 retail corridor - serving The New Albany International Business Park (INTEL & more). This 1.92 acre parcel is located 0.6 miles from the 161/62 Interchange. 25k VPD on US-62 & 63K VPD on 161-Expwy west of US-62 (2022). Exponential growth in the immediate and surrounding area of this parcel is expected and happening now - within and near this retail corridor. Significantly limited land availability exists. All Utilities are across the street. Electric on site. Per; the Newley Adopted, Land Use Map - the parcel directly adjacent to the South (owner: The New Albany Company), proposes that a city street be added through that adjacent parcel - making the subject parcel a corner lot. Tremendous retail opportunity exists for this lot.