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

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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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