105 Carmel DrCarmel, IN 46032

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 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.

• 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

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