5436 Brookville RdIndianapolis, IN 46219

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

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.

• 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

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