Discover a one-of-a-kind opportunity in the heart of Floyds Knobs, Indiana. This versatile property spans just under 3 acres on Paoli Pike and features a unique combination of two single-family homes, one mobile home, and a spacious four-bay garage — all on a single parcel with approximately 265 feet of prime road frontage. Whether you’re an investor seeking rental income, a developer envisioning future redevelopment, or a buyer searching for multigenerational living with land and storage, this property offers unmatched flexibility in a highly desirable location.
Property Highlights:
Nearly 3 acres in Floyds Knobs
Two single-family residences with character and potential for updates
One mobile home, offering additional rental income or option for removal
Four-bay garage with concrete floors, perfect for storage, workshop, or business use
Approximately 265 feet of frontage on Paoli Pike, offering excellent visibility
All structures situated on a single parcel, simplifying ownership and management
Location Advantages:
Situated in a high-demand area known for its strong community, schools, and residential growth
Minutes from New Albany, Louisville, and major commuter routes
Surrounded by established neighborhoods, luxury homes, and thriving small businesses
Excellent demographics and steady demand for housing and services in Floyd County
High-visibility frontage along Paoli Pike, one of the area’s main commercial and residential arteries
Potential Uses:
Multigenerational Living: With multiple dwellings already in place, families can live together while maintaining independence.
Rental Investment: Generate multiple streams of income through residential rentals, plus garage rental or storage leases.
Live/Work Flexibility: A unique opportunity for owner-occupants to combine living space with hobby or business operations.
Redevelopment: Nearly 3 acres with road frontage positions this parcel as an attractive candidate for higher-density residential, mixed-use, or neighborhood commercial redevelopment (subject to zoning approvals).
Investment Appeal:
Immediate cash flow potential with existing homes and garage space
Long-term upside through redevelopment or repositioning
Rare large parcel in Floyds Knobs with road frontage
Flexible zoning (Neighborhood Commercial) to support various uses
Strong location fundamentals supporting both residential and commercial demand
Additional Notes:
Sellers welcome inspections; property to be sold as-is.
Square footage and room sizes approximate.
Buyer to verify road frontage, zoning, utilities, and intended use with Floyd County Planning & Zoning.
Showings by appointment only.
This property represents a rare chance to secure acreage, frontage, and flexibility in one of Southern Indiana’s most desirable markets. With multiple residences, income-producing potential, and long-term redevelopment possibilities, this Paoli Pike Multi-Residence Investment is positioned to deliver value today and in the future.
Nicole Dudley
Schuler Bauer Real Estate Services
