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4914 Rockville Rd
Indianapolis, IN 46224
Retail Property For Sale
Investment Highlights
- 9.93 acres | 2 parcels
- All business equipment and inventory included
- 1 mile from I-465, under 2 miles from I-70
Executive Summary
Opportunity to own or redevelop a long established garden center at a prime Indianapolis location. This 9.93acre property offers exceptional versatility and ability to generate additional income. All business equipment and inventory are included. Rental House (4bd/2ba) on separate parcel generates $1,500/mo, can be also surveyed off and sold for ~$200K (estimated). Rental house across street from elementary school. Additional 3bd/2ba Ranch home on property being used a office - Can be used as home/office for owner-operator or rental for employees. (House/office estimated value: 225K)
- 9.93 acres | 2 parcels
- 74,187 SF total heated greenhouse space across 12+ greenhouses
- Retail Storefront & Greenhouse (7,284 SF), Workshop/Office/Boiler Room, (3,040 SF), Concrete-Floor Barn (1,796 SF)
- 2 Residential Houses: 1,800 SF (3bd/2ba, full basement, used as office) & 1,400 SF (2-story, 4bd/2ba, full basement, $1,500/mo lease)
- 1 mile from I-465, under 2 miles from I-70
- 9.93 acres | 2 parcels
- 74,187 SF total heated greenhouse space across 12+ greenhouses
- Retail Storefront & Greenhouse (7,284 SF), Workshop/Office/Boiler Room, (3,040 SF), Concrete-Floor Barn (1,796 SF)
- 2 Residential Houses: 1,800 SF (3bd/2ba, full basement, used as office) & 1,400 SF (2-story, 4bd/2ba, full basement, $1,500/mo lease)
- 1 mile from I-465, under 2 miles from I-70
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Garden Center
Building Size
10,422 SF
Building Class
C
Year Built
1954
Price
$1,950,000
Price Per SF
$187.10
Cap Rate
9.70%
NOI
$189,150
Tenancy
Single
Building Height
1 Story
Building FAR
0.02
Lot Size
9.93 AC
Zoning
DA - Dwelling Agriculture - DA - Dwelling Agriculture: Low density, SFR development combined with agricultural use. Intended to preserve rural, agricultural land while allowing
Parking
35 Spaces (3.36 Spaces per 1,000 SF Leased)
Frontage
350’ on Rockville Rd
Property Taxes
| Parcel Number | 49-11-06-103-013.000-900 | Improvements Assessment | $595,300 |
| Land Assessment | $128,100 | Total Assessment | $723,400 |
Property Taxes
Parcel Number
49-11-06-103-013.000-900
Land Assessment
$128,100
Improvements Assessment
$595,300
Total Assessment
$723,400
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