646 Massachusetts Ave | Indianapolis, IN 46204
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- LoopNet Team
646 Massachusetts Ave
Indianapolis, IN 46204
Mixed-use High Street Retail/office · Office Property For Sale
Investment Highlights
- VALUE ADD THROUGH LEASE UP – The building is currently ±10% occupied by one retail tenant in ±562 SF.
- ADDITIONAL DEVELOPMENT POTENTIAL – The property has additional land to develop more density – townhomes, multifamily, or even additional retail
- PROXIMITY TO DOWNTOWN – The property is located in the Mass Ave Corridor surrounded by restaurants, bars, significant housing redevelopment.
- PARKING ON SITE – The property currently has 10+ parking spaces, providing an amenity to potential operators or tenants that isn’t readily available
Property Facts
Property Type
Office
Building Size
5,466 SF
Building Class
B
Year Built
2017
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,733 SF
Building FAR
0.43
Lot Size
0.29 AC
Parking
10 Spaces (1.83 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Numbers | Improvements Assessment | $562,100 | |
| Land Assessment | $608,300 | Total Assessment | $1,170,400 |
Property Taxes
Parcel Numbers
Land Assessment
$608,300
Improvements Assessment
$562,100
Total Assessment
$1,170,400
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