105 Carmel DrCarmel, IN 46032
- Retail properties
- 5,500 SF
Property Details for 105 Carmel Dr
- Year built
- 1971
- Construction
- WOOD
- Lot size
- 3.60 AC
- Property size (Sq ft)
- 5,500 SF
- Property type
- Retail properties
- Property subtype
- Retail space
- APN
- 29-09-36-402-003.000-018
- APU
- 290936402003000018
Description
This exceptional 10,488-square-foot retail and industrial property, located at 105 Carmel Drive, presents a unique investment opportunity. Currently configured as a single-tenant automotive business, the building sits on a generous 3.6-acre lot, providing ample space for expansion or future development. The property boasts five convenient drive-ins, ensuring easy access for customers and deliveries. Its strategic location offers unparalleled connectivity to major thoroughfares, including I-69, I-70, I-74, and I-65 via I-465, maximizing exposure and accessibility. The I-1 zoning provides flexibility for a variety of uses. Situated near Carmel amenities, this property benefits from a strong local market and high visibility. The substantial lot size offers significant potential for future development or expansion of the existing structure. This is an ideal opportunity for investors seeking a well-located, versatile property with strong growth potential in a thriving area. The property's size and location make it an attractive option for a variety of businesses seeking a prominent presence in the Carmel market. Hamilton County location adds to its desirability.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,098,980
- 6.5%
- $1,014,443
- 7%
- $941,983
-
Comparable approach
- Method
- Valuation
- Relative Method
- $1,721,273
- Geo Method
- $1,721,273
-
Alternative Use
- Use
- Valuation
- Residential
- $855,721
- Hospitality
- $783,836
- Educational
- $652,142
- Medical
- $674,570
- Retail
- $1,014,443
Location Insight
- City
- Carmel
- County
- Hamilton
- State
- Indiana
- Latitude
- 39.9607
- Longitude
- -86.129
- CBSA code
- 26900
- CBSA name
- INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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