11825 Pennsylvania StCarmel, IN 46032

This exceptional 78-acre redevelopment opportunity in Carmel, Indiana, presents a unique chance to create a thriving mixed-use district. Located at 11825 N Pennsylvania St, 46032, this property boasts a prime location in Hamilton County, within the Indianapolis MSA, one of America's most desirable small cities. The site currently comprises six buildings totaling 79,101 to 627,000 square feet, with a current NOI of $1,687,427. The property is zoned M3 & B2, allowing for diverse development options. The existing buildings are currently multi-tenant, housing two tenants under a gross lease agreement. No tenant credit rating is available. Rent bumps are included in the lease agreements. This is a fee simple interest sale, not a ground lease. The property's strategic position between US-31 and Carmel Midtown ensures high visibility and accessibility. This generational opportunity offers significant scale for a variety of uses, capitalizing on Carmel's robust commercial development growth, exceeding $3 billion since 2018. The site's size and location make it one of the last large-scale redevelopment opportunities in Carmel. This is a chance to build a landmark development in a thriving market.