12895 Old Meridian StCarmel, IN 46032

For Sale

4.4-Acre Shovel-Ready Site, $9.5MM TIF

Overview

Added:
Dec 11, 2024
Days on market:
90
This exceptional 4.4-acre development site presents a unique investment opportunity in Carmel, Indiana, a highly desirable area consistently ranked among the nation's best towns. Located at 12895 Old Meridian St, in Hamilton County, this property is ideally situated within a vibrant mixed-use submarket, boasting strong fundamentals and attractive demographics. The average household income within a one-mile radius is $108,000, reflecting the area's affluence. The site is shovel-ready, significantly streamlining the development process. A substantial $9.5 million Tax Increment Financing (TIF) agreement is already in place, along with city planning approvals, minimizing development hurdles and maximizing return on investment. This presents a rare chance to capitalize on one of Carmel's last remaining undeveloped sites, making it perfect for investors seeking to establish a presence in this thriving market. The property is zoned for both commercial and residential development, offering flexibility for a variety of projects. The 46032 zip code further underscores the prime location within this sought-after community.

Highlights

  • Prime Carmel, Indiana location; consistently ranked among the nation's best towns.
  • Shovel-ready site with significant developer incentives available.

Property Details for 12895 Old Meridian St

Property type
Other land, Land
Lot Size (sq. ft)
191,664 SF

Location Insight

City
Carmel
County
Hamilton
State
Indiana
Latitude
39.9757419
Longitude
-86.146706
12895 Old Meridian St, Carmel, Indiana

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12895 Old Meridian St
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