Description
CITY APPROVED FOR 10 UNITS - D8 DEVELOPMENT OPPORTUNITY! Excellent multifamily infill opportunity near Downtown Indianapolis with city approval for a 10-unit residential development. Approximately 9,886 square feet of cleared land with D8 zoning. The site was previously comprised of three tax parcels, which the owner reports have now been consolidated into one parcel; tax records are expected to reflect the consolidation in January. Convenient location near Downtown, IU Health Methodist Hospital, Ivy Tech, Riverside Park and major transportation corridors. Former gas-station site with prior IDEM environmental clearance reported by seller. At the current asking price, land cost is approximately $22,990 per approved unit. Ideal opportunity for a multifamily builder or investor seeking an approved urban infill project. Buyer to verify approvals, zoning, parcel consolidation, utilities, environmental documentation and all development requirements.
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Description
CITY APPROVED FOR 10 UNITS - D8 DEVELOPMENT OPPORTUNITY! Excellent multifamily infill opportunity near Downtown Indianapolis with city approval for a 10-unit residential development. Approximately 9,886 square feet of cleared land with D8 zoning. The site was previously comprised of three tax parcels, which the owner reports have now been consolidated into one parcel; tax records are expected to reflect the consolidation in January. Convenient location near Downtown, IU Health Methodist Hospital, Ivy Tech, Riverside Park and major transportation corridors. Former gas-station site with prior IDEM environmental clearance reported by seller. At the current asking price, land cost is approximately $22,990 per approved unit. Ideal opportunity for a multifamily builder or investor seeking an approved urban infill project. Buyer to verify approvals, zoning, parcel consolidation, utilities, environmental documentation and all development requirements.
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