4505 Harding StIndianapolis, IN 46217

Property Details for 4505 Harding St

Year built

1975

Construction

TYPE NOT SPECIFIED

Lot size

5.22 AC

Property size (Sq ft)

76,425 SF

Property type

Hotels

Property subtype

Motels

APN

49-11-34-105-007.000-500

APU

491134105007000500

Description

This exceptional 5.217-acre commercial land parcel presents a unique investment opportunity in Indianapolis's thriving South submarket. Strategically located at the intersection of Harding Street and I-465, this property offers unparalleled access to major transportation arteries, significantly reducing commute times and enhancing logistical efficiency. The site is zoned MU-1 within Marion County, providing flexibility for a range of industrial uses. The property is available for lease at a monthly rate of $20,000 on a triple-net basis. Its proximity to the I-465 and Harding Street interchange ensures high visibility and easy access for employees and clients alike. Furthermore, its advantageous location just six miles from the Indianapolis International Airport adds significant value for businesses requiring seamless air freight connections. This is a rare opportunity to acquire a substantial land holding in a highly desirable location, ideal for businesses seeking to establish a strong presence in a rapidly growing area. The single-tenant configuration offers simplicity and control, making it an attractive proposition for discerning investors and businesses alike. Don't miss this chance to secure this prime industrial land and capitalize on its exceptional location and potential.

• CAP approach

  CAP return

  Valuation

  6%

  $11,257,100

  6.5%

  $10,391,169

  7%

  $9,648,943

• Comparable approach

  Method

  Valuation

  Relative Method

  $16,851,904

  Geo Method

  $16,851,904

• Alternative Use

  Use

  Valuation

  Residential

  $11,344,138

  Hospitality

  $10,391,169

  Educational

  $8,645,331

  Medical

  $8,942,657

  Retail

  $13,448,292

Location Insight

City

Indianapolis

County

Marion

State

Indiana

Latitude

39.6994

Longitude

-86.1853

CBSA code

26900

CBSA name

INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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