5436 Brookville RdIndianapolis, IN 46219
- Retail properties
- 2,898 SF
Property Details for 5436 Brookville Rd
- Year built
- 1960
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 0.81 AC
- Property size (Sq ft)
- 2,898 SF
- Zone code
- ZO01
- Property type
- Retail properties
- Property subtype
- Grocery and convenience stores
- APN
- 49-10-10-183-015.000-701
- APU
- 491010183015000701
Description
This exceptional 1.54-acre commercial land parcel presents a unique investment opportunity in Indianapolis, Indiana. Located at 5436 Brookville Road, zip code 46219, this property is zoned C3, offering flexibility for a variety of commercial uses. Its strategic location, approximately 4.4 miles east of downtown Indianapolis, provides excellent accessibility and visibility. The site benefits from a recently installed traffic light, enhancing visibility and convenient access for customers and employees. Furthermore, its position across from a fully leased 1.2 million square foot industrial project ensures high traffic volume and a strong surrounding business environment. This property is ideal for ground lease or build-to-suit opportunities, allowing for customized development to meet specific business needs. The single-tenant zoning provides a streamlined development process. The property's size and location make it an attractive option for businesses seeking a prominent presence in a thriving Indianapolis market. Serious inquiries are encouraged to explore the potential of this exceptional commercial land offering. The property is situated at 39.7606457 latitude and -86.075394 longitude.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $554,144
- 6.5%
- $511,517
- 7%
- $474,980
-
Comparable approach
- Method
- Valuation
- Relative Method
- $689,027
- Geo Method
- $689,027
-
Alternative Use
- Use
- Valuation
- Residential
- $431,484
- Hospitality
- $395,237
- Educational
- $328,832
- Medical
- $340,142
- Retail
- $511,517
Location Insight
- City
- Indianapolis
- County
- Marion
- State
- Indiana
- Latitude
- 39.7607
- Longitude
- -86.0754
- 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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