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$269,500
CITY APPROVED FOR 10 UNITS - D8 DEVELOPMENT OPPORTUNITY! Excellent multifamily infill opportunity near Downtown Indianapolis with city approval for a 10-unit residential development. Approximately 9,886 square feet of cleared land with D8 zoning. The site was previously comprised of three tax parcels, which the owner reports have now been consolidated into one parcel; tax records are expected to reflect the consolidation in January. Convenient location near Downtown, IU Health Methodist Hospital, Ivy Tech, Riverside Park and major transportation corridors. Former gas-station site with prior IDEM environmental clearance reported by seller. At the current asking price, land cost is approximately $22,990 per approved unit. Ideal opportunity for a multifamily builder or investor seeking an approved urban infill project. Buyer to verify approvals, zoning, parcel consolidation, utilities, environmental documentation and all development requirements.

134 W 30th Street, Indianapolis

Listing courtesy of No Limit Real Estate, LLC.

$469,900
NEW PRICE - D8 MULTIFAMILY DEVELOPMENT OPPORTUNITY WITH ARCHITECTURAL PLANS INCLUDED! Offered at $469,900, this approximately 18,000-square-foot (.41-acre) cleared site on N Capitol Avenue provides an excellent opportunity for residential infill development just north of Downtown Indianapolis. The property was previously designed and permitted for a 9-unit luxury residential project featuring eight 2-bedroom/2-bath residences plus a 3-bedroom/3-bath penthouse. Seller owns the architectural plans, which are included with the sale. Previous permits have expired and buyer will be responsible for obtaining current approvals and permits; however, the completed plans provide a valuable head start for a developer evaluating the site. Convenient to Downtown, Fall Creek, Ivy Tech, Tarkington Park, Butler-Tarkington and major transportation corridors. Bring your builder and capitalize on the substantial planning already completed for this D8 multifamily site. Buyer to independently verify zoning, permitted density and uses, utilities, plans and all current development and permitting requirements.

2902 N Capitol Avenue, Indianapolis

Listing courtesy of No Limit Real Estate, LLC.

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