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1150 New York St - 1150 E. New York St. 0.2 Acres of Residential Land Offered at $399,000 in Indianapolis, IN 46202
INVESTMENT HIGHLIGHTS
- Once units are built - beautiful view from rooftop decks of downtown skyline
- Across the street from lovely neighborhood park
EXECUTIVE SUMMARY
Price Improvement! From $475,000 to $439,000 to $399,000! MULTI-FAMILY DEVELOPMENT SITE, DOWNTOWN INDIANAPOLIS, PRE-APPROVED FOR 5 UNITS. Opportunity to develop townhomes at wonderful location. Over $2B of construction projects in and around downtown Indy right now!
PROPERTY FACTS
| Price | $399,000 | Property Subtype | Residential |
| Sale Type | Investment or Owner User | Proposed Use | Multifamily |
| No. Lots | 1 | Total Lot Size | 0.20 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Zoning | D8 - Allows for up to 5 units | ||
| Price | $399,000 |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Multifamily |
| Total Lot Size | 0.20 AC |
| Opportunity Zone |
Yes |
| Zoning | D8 - Allows for up to 5 units |
1 LOT AVAILABLE
Lot
| Price | $399,000 | Lot Size | 0.20 AC |
| Price Per AC | $1,995,000.00 |
| Price | $399,000 |
| Price Per AC | $1,995,000.00 |
| Lot Size | 0.20 AC |
.20+/- acre, 5 legal conforming parcels with addresses. Holy Cross neighborhood, close to popular downtown sites including Mass Ave and The Garage. Approvals in place. New York is being changed from 1-way to 2-way traffic in and out of downtown.
DESCRIPTION
Most preliminary work completed to break ground, including approvals on subdivision plat and zoning variances. Next step, building permits. Sale includes plans and renderings of proposed townhomes. Rights to all construction documents necessary to permit and develop the project are included in the sale.
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Walk Score®
Very Walkable (78)
Bike Score®
Very Bikeable (81)
PROPERTY TAXES
| Parcel Number | 49-10-06-124-043.000-101 | Improvements Assessment | $0 |
| Land Assessment | $70,200 | Total Assessment | $70,200 |
PROPERTY TAXES
Parcel Number
49-10-06-124-043.000-101
Land Assessment
$70,200
Improvements Assessment
$0
Total Assessment
$70,200
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