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: |
7/23/2021 |
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 |
|
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