For Sale
$537,600

6701 Troy AveIndianapolis, IN 46203

Prime development land, multiple zoning options.

Overview

Added:
Dec 11, 2024
Days on market:
123
This exceptional 13.45-acre property in Indianapolis, Indiana, presents a unique investment opportunity. Comprised of two contiguous parcels, both located at 6701 E Troy Ave, this land offers diverse development potential. High-tension power line easements traverse the property at two points. A significant portion (3 acres) includes a retention pond for effective drainage management. The property's zoning is versatile, encompassing DA (Dwelling-Agriculture), SU43 (high-tension power lines), D-4 (low or medium intensity single and two-family development), and D-P (Planned Unit Developments). The Indianapolis Comprehensive Plan designates the land for Floodway, Light Industrial, and Suburban Neighborhood uses. Note that a portion of the southern end falls within a partial flood zone, near the retention pond. Buyer due diligence is recommended for any development plans. Currently, hay is planted and the sale is contingent upon existing crop rights held by a local farmer for the 2024 season. Adjacent parcels at 6801 and 6901 E Troy Ave are also available for purchase. The asking price for this significant land holding is $537,600.

Highlights

  • 13.45-acre land parcel in Indianapolis, IN, comprised of two contiguous parcels at 6701 E Troy Ave.
  • High-tension power line easements cross the property.
  • Includes a 3-acre parcel with a retention pond.
  • Zoned DA, SU43, D-4, and D-P; designated as Floodway, Light Industrial, and Suburban Neighborhood per the Indy Comprehensive Plan.
  • Partial flood zone at the southern end.
  • Adjacent parcels at 6801 and 6901 E Troy Ave also available.

Property Details for 6701 Troy Ave

Property type
Land, Farms
Lot Size (sq. ft)
585,882 SF

Location Insight

City
Indianapolis
County
Marion
State
Indiana
Latitude
39.724580327956
Longitude
-86.050459564164
6701 Troy Ave, Indianapolis, Indiana

FAQs

What type of property is this?
Land - Prime development land, multiple zoning options.
Where is the land located?
The property is located at 6701 Troy Ave Indianapolis, IN.
What is the asking price?
The asking price for this property is $537,600.
What are key features of this property?
This property features: 13.45-acre land parcel in Indianapolis, IN, comprised of two contiguous parcels at 6701 E Troy Ave.; High-tension power line easements cross the property.; Includes a 3-acre parcel with a retention pond.
How can I contact the broker?
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6701 Troy Ave
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