1422 Astor StIndianapolis, IN 46222

For Sale

Prime Indianapolis student housing site

Overview

Added:
Dec 11, 2024
Days on market:
91
This exceptional 3.2-acre site in Indianapolis, IN, presents a remarkable redevelopment opportunity. Located at 1422 Astor Street, near the White River Parkway, it boasts spectacular views of downtown Indianapolis and the White River. Its strategic location across from IUPUI campus, Eskenazi Hospital, and Riley Children's Hospital, and blocks from the Indianapolis Zoo and White River Gardens, ensures high demand. The property, designated APN 49-11-03-173-004.000-101, is zoned for multi-family development, making it ideal for student housing or a hotel. The site's proximity to public transportation, shopping, and entertainment venues, coupled with ongoing city infrastructure improvements and revitalization efforts, promises strong returns. This mixed-use property presents a unique chance to capitalize on Indianapolis's thriving real estate market and contribute to its continued growth. The substantial lot size allows for significant development potential, catering to the increasing need for modern housing in this vibrant area. This is a truly exceptional investment opportunity in a rapidly developing part of the city. All information is deemed reliable but not guaranteed.

Highlights

  • 3.2-acre multi-family development site in Indianapolis, IN.
  • Located at 1422 Astor Street, near White River Parkway, IUPUI, Eskenazi Hospital, and Riley Children's Hospital.
  • Zoned for multi-family use, ideal for student housing or a hotel.
  • Excellent location offers spectacular downtown views and proximity to public transportation, shopping, and entertainment.
  • Strong potential for high returns due to ongoing city infrastructure improvements and revitalization efforts.

Property Details for 1422 Astor St

Property type
Multifamily properties, Dormitories
Lot Size (sq. ft)
139,392 SF

Location Insight

City
Indianapolis
County
Marion
State
Indiana
Latitude
39.770305
Longitude
-86.186119
1422 Astor St, Indianapolis, Indiana

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1422 Astor St
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