Development Opportunity on High Profile Corner
Retail-Commercial
for Sale
Catylist Listing ID: |
30703979 |
Property Subtypes: |
Car Wash, Convenience Store, Free-Standing Building, Garden Center, Mixed Use, Parking Facility, Restaurant, Retail-Pad, Service Station/Gas Station, Street Retail, Tavern/Bar/Nightclub, Vehicle Related, Other
|
Building Size (RSF): |
4,606 SF
|
Gross Building Area: |
See Agent |
Gross Land Area: |
1.44 Acres
|
Sale Price: |
$539,000 |
Unit Price: |
$117.02 PSF |
Property Use Type: |
Vacant/Owner-User |
Sale Terms: |
Cash to Seller |
Cap Rate: |
Undisclosed |
Last Updated: |
2/25/2021 |
Overview / Comments
Outstanding, 1.4 acre, C-5 re-development opportunity! Replace the existing structure with stand alone retail on the highly visible, 6-corner lot and develop a strip mall and parking at the back of this huge 1.44 acre lot. Busy, highly-traveled, 6-corner intersection of Mass Ave, Arlington Ave & 34th Street. High traffic counts, 1.5 miles from I-70/Emerson ramp, 1.7 miles from I-465/Shadeland ramp, 1 mile from Shadeland/38th corridor, on major bus lines, cuts on both Mass Ave & 34th St, municipal utilities on site. Currently has all brick, 4606 SF, freestanding, retail building with 22 paved, parking spaces, 4 storefronts, separate restrooms/utilities/HVAC. Separate billboard lease income as well. Seemingly unlimited existing and development possibilities with this coveted visibility & zoning!
|
Additional Details
Nearest MSA: |
Indianapolis-Carmel-Anderson |
County: |
Marion |
Tax ID/APN: |
490723124007000700 |
Zoning: |
C5 |
Property Visibility: |
Excellent |
Tenancy: |
Multiple Tenants |
Construction/Siding: |
Brick |
Total Parking Spaces: |
22 |
Parking Type: |
Surface |
Zoning Description: |
C5 |
Water Service: |
Municipal |
Sewer Type: |
Municipal |
Demographic Statistics
Proximity: |
1 mile |
3 miles |
5 miles |
Total Population: |
9,157 |
112,001 |
291,768 |
Median Age: |
35.9 |
36.39 |
35.59 |
Households: |
3,473 |
45,892 |
120,446 |
© Copyright 2001-2020 Catylist. All Rights Reserved.
The information presented herein is provided as is, without warranty of any kind.
Neither Indiana Commercial Board of REALTORS® nor
Catylist Real Estate Software, Inc. assume any liability for errors or omissions.
|