6340 Gateway DrIndianapolis, IN 46254

Property Details for 6340 Gateway Dr

Year built

1994

Construction

TYPE NOT SPECIFIED

Lot size

1.97 AC

Property size (Sq ft)

20,392 SF

Zone code

ZO01

Property type

Office properties

Property subtype

Other office properties

APN

49-05-14-130-017.000-601

APU

490514130017000601

Description

This exceptional 21,298 square foot Class B medical office building, constructed in 1994, presents a unique investment opportunity in Marion County, Indiana. Currently entirely vacant, the entire building is available for sale or lease, offering a blank canvas for a single tenant or the potential for multiple smaller tenants. Located at 6340 Gateway Drive in Indianapolis, this property boasts a prime location within Pike Township, providing unparalleled convenience and accessibility. The building's strategic positioning offers easy access to a variety of amenities, including diverse dining, lodging, and shopping options, catering to both employees and clients. Furthermore, its proximity to Highway 465 ensures exceptional visibility and streamlined access for patients and customers, maximizing the potential for business growth and success. The single-suite layout provides flexibility for customization to meet specific needs, making it an ideal space for a wide range of medical practices or office uses. This property represents a rare opportunity to acquire a substantial, well-located building in a thriving area. The building's size and location make it an attractive prospect for both established businesses seeking expansion and new ventures looking for a strong foundation. The potential for significant return on investment is undeniable, given the current market conditions and the property's inherent advantages. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $2,645,728

  6.5%

  $2,442,211

  7%

  $2,267,767

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,915,051

  Geo Method

  $1,915,051

• Alternative Use

  Use

  Valuation

  Residential

  $3,028,341

  Hospitality

  $2,773,944

  Educational

  $2,307,889

  Medical

  $2,387,261

  Retail

  $3,590,050

Location Insight

City

Indianapolis

County

Marion

State

Indiana

Latitude

39.8291

Longitude

-86.272

CBSA code

26900

CBSA name

INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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