Urban Development Opportunity

6000 East 46th Street, Indianapolis, Indiana 46226

  • Property Subtypes Community Center
  • Building Size (RSF) 192,054 SF
  • Gross Building Area 192,054 SF
  • Building Name Devington Plaza
  • Building Status Existing
  • Property Use Type Investment
  • Class of Space N/A
  • Total Land Size 33.038 Acres
  • Sale Terms Cash to Seller
  • Cap Rate Undisclosed
  • Last Updated 12/18/2019
  • Status expired

Overview / Comments

Devington Plaza offers visionary developers a 33 acre campus for a fresh urban redevelopment project in Indianapolis. Historically, Devington Plaza served as the neighborhood hub for northeast Indianapolis providing grocery, retail, services, and medical needs. It is a 168,300 sf shopping center with over 2000 parking spaces on 33 acres. Current tenants include Family Dollar, Phillips 66 and 12 local retail stores and services. Kroger has recently vacated 37,232 sf of updated grocery space. More than 50% of the center is vacant today. Neighbors include Arlington Middle School, Whitfield Square Apartments and Pangea Prairies Apartments. Extra land available for MF projects, senior housing or new projects. Great campus for business, education, services and redevelopment.

Additional Details

  • Tax ID/APN 49-07-11-126-002.000-401 / 49-07-11-126-003.000-401 / 49-07-11-126-004.000-401 / 49-07-11-126-010.000-401 / 49-07-11-126-012.000-401
  • Zoning C-3 /C-4
  • Property Visibility Excellent
  • Year Built 1960
  • Tax Auth Marion County