7040 Franklin RdIndianapolis, IN 46259

For Sale
$1,250,000

Indianapolis development opportunity. $1.25M

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional 5-acre commercial land parcel, located at 7040 S Franklin Rd, Indianapolis, IN 46259, presents a remarkable investment opportunity in Marion County's thriving Franklin Township. Zoned DA, this property offers significant potential for diverse commercial development, including but not limited to senior housing, retail spaces, multi-family units, or medical offices. The asking price is $1,250,000, translating to $250,000 per acre. Its strategic location south of a recently constructed Kroger development and near other retail establishments ensures high visibility and accessibility. The surrounding area is experiencing rapid residential growth, with new single-family homes and apartment complexes under construction, creating a vibrant and expanding community. While rezoning may be required, the property's prime location and the area's dynamic growth trajectory make it an attractive proposition for developers seeking to capitalize on the burgeoning commercial market in this rapidly developing area. The APN is 49-16-18-121-004.000-300. All information is deemed reliable but not guaranteed; buyers are urged to conduct independent due diligence.

Highlights

  • $1,250,000 asking price for 5 acres of commercial land.
  • Located at 7040 S Franklin Rd, Indianapolis, IN 46259 (APN: 49-16-18-121-004.000-300).
  • DA zoning; rezoning may be required.
  • $250,000 per acre land value.
  • Broker co-op available.

Property Details for 7040 Franklin Rd

Property type
Other land, Land
Lot Size (sq. ft)
217,800 SF

Location Insight

City
Indianapolis
County
Marion
State
Indiana
Latitude
39.664655032365
Longitude
-86.018535339618
7040 Franklin Rd, Indianapolis, Indiana

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7040 Franklin Rd
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