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3+ Acre Retail Development Site 7352-7360 E Pendleton Pike 12,584 SF 100% Leased Retail Building Indianapolis, IN 46226 $3,000,000 ($238.40/SF)
INVESTMENT HIGHLIGHTS
- Direct frontage to Pendleton Pike (30,000 VPD), primary retail corridor in the area; Located directly off I-465 exit ramp
- Commercial zoning allows for a variety of uses, ideal for QSR, Gas Station, Car Wash, or other retail development
- I-465 averages 162,000+ vehicles per day (VPD) during peak times (Source: INDOT traffic data)
- Opportunity for value-add with retail strip center (month-to-month & Short Term leases)
- Across the freeway from Menard’s, the dominant home improvement retailer for the region
- Densely populated submarket with a population of 222,000+ in the 5-mile radius
EXECUTIVE SUMMARY
Prime retail development opportunity with direct frontage along Pendleton Pike (30,000 VPD), the area's primary retail corridor. The property offers value-add potential through an existing retail strip center with month-to-month and short-term leases. Commercial zoning allows for a wide variety of uses, making it ideal for a QSR, gas station, car wash, or other retail concepts. Strategically located directly off the I-465 exit ramp and across the freeway from Menard’s, the dominant home improvement retailer in the region.
PROPERTY FACTS
Sale Type
Investment
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
12,584 SF
Building Class
C
Year Built
1989
Price
$3,000,000
Price Per SF
$238.40
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.10
Lot Size
3.00 AC
Opportunity Zone
Yes
Zoning
C-4
Parking
40 Spaces (3.18 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Pylon Sign
- Signage
NEARBY MAJOR RETAILERS
Fifth Third Bank
PROPERTY TAXES
| Parcel Number | 49-07-13-102-047.000-407 | Improvements Assessment | $281,700 |
| Land Assessment | $264,600 | Total Assessment | $546,300 |
PROPERTY TAXES
Parcel Number
49-07-13-102-047.000-407
Land Assessment
$264,600
Improvements Assessment
$281,700
Total Assessment
$546,300
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