4880 Century Plaza RdIndianapolis, IN 46254

Property Details for 4880 Century Plaza Rd

Year built

2003

Construction

TYPE NOT SPECIFIED

Lot size

6.82 AC

Property size (Sq ft)

73,600 SF

Zone code

ZO01

Property type

Medical offices

Property subtype

Medical centers

APN

49-06-18-103-021.000-600

APU

490618103021000600

Description

This exceptional 71,031 square foot medical office building is available for lease or sale in Indianapolis, Indiana. Located at 4880 Century Plaza Road, this multi-tenant property offers unparalleled convenience with its immediate proximity to I-65, boasting a daily traffic volume of 65,000 vehicles. The building is currently entirely vacant, presenting a unique opportunity for a single large tenant or multiple smaller tenants to establish a significant presence in a high-traffic area. Key features include a covered patient drop-off area, designed for patient comfort and accessibility, and ample parking to accommodate both staff and patients. The property is situated in Marion County, Indiana, and offers a total of 71,031 square feet of space, making it ideal for a variety of medical practices or healthcare-related businesses. The strategic location and comprehensive amenities make this property an attractive investment opportunity for those seeking a prominent medical office space in a thriving Indianapolis location. The building's size and layout offer significant flexibility for customization to meet the specific needs of potential tenants. This is a rare opportunity to secure a substantial, fully vacant medical office building in a prime location with excellent visibility and accessibility.

• CAP approach

  CAP return

  Valuation

  6%

  $9,967,953

  6.5%

  $9,201,187

  7%

  $8,543,959

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,490,644

  Geo Method

  $7,490,644

• Alternative Use

  Use

  Valuation

  Residential

  $11,409,472

  Hospitality

  $10,451,015

  Educational

  $8,695,122

  Medical

  $8,994,160

  Retail

  $13,525,745

Location Insight

City

Indianapolis

County

Marion

State

Indiana

Latitude

39.8367

Longitude

-86.242

CBSA code

26900

CBSA name

INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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