733-743 Broad Ripple Ave
Indianapolis, IN 46220
Broad Ripple Strip - Redevelop/Rehab · Retail Property For Sale

Marcus & Millichap is pleased to present Broad Ripple Strip Redevelopment or Rehabilitation Opportunity, a rare opportunity situated in the heart of Broad Ripple along Broad Ripple Avenue, one of the most popular shopping, arts, and bar districts on the North side of Indianapolis. The Broad Ripple Strip Redevelopment or Rehabilitation Opportunity is located at 733-743 Broad Ripple Avenue, surrounded by an abundance of nightlife amenities, retailers, and restaurants such as Fresh Thyme Farmers Market, Kroger, HopCat, Brothers Bar & Grill, Kilroys Bar-N-Grill, The Vogue Theatre, Bazbeaux Pizza, Chipotle, and Starbucks Coffee. Located next to the Monon Trail and Canal Board Walk, 1.5 miles from Butler University (4,800 students), and 7.5 miles to Downtown Indianapolis, Broad Ripple Avenue has seen numerous mixed-use and multifamily redevelopment deliveries over the past months, with many more set to break ground soon. The Broad Ripple Strip Redevelopment or Rehabilitation Opportunity is zoned C-4 allowing flexible use options, is 0.32 acre parcel with 101’ frontage on Broad Ripple Avenue. The seller has refused to sign new leases to allow total flexibility for the future owner / developer, and the only remaining tenant is on a month-to-month lease creating great flexibility for redevelopment or rehabilitation. The Subject Property has been owned by the current Seller for thirty years, so this is an extremely rare opportunity to take ownership of a Property in the heart of Broad Ripple that is primed for redevelopment or rehabilitation. Community-Regional District (C-4) zoning is designed to provide for the development of major business groupings and regional-size shopping centers to serve a population ranging from a community or neighborhoods, to a major segment of the total metropolitan area. The flexibility of the lease structure and zoning, coupled with an ideal location in one of the most popular shopping, arts, and bar districts in Indianapolis, and an incredibly dense population of over 222,000 people within five miles, the Broad Ripple Strip Redevelopment or Rehabilitation Opportunity should prove to be an incredibly strong project for the savvy investor.