6701 Troy AveIndianapolis, IN 46203

Property Details for 6701 Troy Ave

Lot size

13.45 AC

Property type

Agricultural properties

Property subtype

Other land

Description

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.

Location Insight

City

Indianapolis

County

Marion

State

Indiana

Latitude

39.7246

Longitude

-86.0505

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