High Visibility C4 Corner Lot with Multiple Street Cuts!

Vacant Land for Sale
Catylist Listing ID: 30787264
Property Subtypes: Office, Retail, Retail-Pad, Other
Gross Land Area: 15,551 SF
Sale Price: $495,000
Unit Price: $31.83 PSF
In Opportunity Zone? Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/9/2022

Overview / Comments

Development opportunities abound and enormous possibilities exist with this .36 acre corner parcel on the vibrant, highly travelled Pendleton Pike business and retail corridor. Highly visible with flexible C4 zoning, and municipal utilities and electric on site, this fantastic location is easily accessible and has multiple, existing street cuts on the primary and secondary streets. Excellent traffic counts along this well-known commuting corridor and conveniently situated around public transportation, this property is located just northeast of the Shadeland/38th corridor and approximately 1/2 mile from I-465 Exit 42, 1.7 miles from I-70/Emerson ramp, and 2 miles to the I-465 Exit 40 Shadeland/56th Street. There is a lot of potential for a variety of site configurations, uses, and opportunities in this well-established area of local businesses, retail plazas, banks, fast food and national chains!

Additional Details

Nearest MSA: Indianapolis-Carmel-Anderson
County: Marion
Tax ID/APN: 49-07-13-112-044.000-401
Zoning: C4
Property Located Between: Pendleton Pike/Shadeland Avenue
Property Visibility: Excellent
Largest Nearby Street: Shadeland Avenue
Highway Access: 1/2 mile from I-465 Exit 42, just 1.7 miles from I-70/Emerson ramp, and just 2 miles to the I-465 Exit 40 Shadeland/56th Street
Lot Frontage: 172 FT on Pendleton Pike
Lot Depth: 201 FT on Elmhurst Drive
Zoning Description: Commercial Vacant Land
Topography: Level
Available Utilities: Electric, Water, Gas, Sewer, Storm Drain, Broadband, Internet Access
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,806 106,892 272,808
Median Age: 32.81 35.91 35.63
Households: 5,176 43,276 111,074
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