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1614 W Arlington Rd - 4+ AC - Prime Multi-Family Development site

4 Acres of Commercial Land Offered at $1,320,000 in Bloomington, IN 47404

Investment Highlights

  • 4+ acres for sale - prime multi-family development opportunity
  • Mixed zoning including RH (Residential High Density) and R2
  • Located 1.2 miles from Indiana University
  • Utilities located at property except city sewer which is located near property

Executive Summary

Street aaddress for 1 of 3 parcels is 1530 W Arlington Road. All 3 parcels total +/- 4 Acres.

Property Facts

Price $1,320,000
Sale Type Investment or Owner User
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use Multifamily
Total Lot Size 4.00 AC

1 Lot Available

Lot

Price $1,320,000
Price Per AC $330,000
Lot Size 4.00 AC

Parcel ID: 53-05-29-300-057.000-005, Legal Description: 013-14095-00 ARLINGTON PLACE BLK 1 PT LOTS 2 & 3; ANNEXED 3/1/04 FROM 012-14090-00. Parcel ID: 53-05-29-306-010.000-005. Legal Description: 013-14105-00 ARLINGTON PLACE BLK 1 PT LOT 3; PLAT 3C.

Description

+/- 4 acres for sale - prime development opportunity in the growing 17th St and Arlington Rd corridor just 1.2 miles from Indiana University. Sale includes several adjoining parcels ready for redevelopment. Two of the parcels are zoned Residential High Density (RH) which allows for up to five stories of multi-family apartments. All utilities are at the properties (8 inch water main) except city sewer which has a sewer connection just down the road.

zoning

Zoning Code RH & R2 (Residential)
RH & R2 (Residential)
  • Listing ID: 28400671

  • Date on Market: 5/4/2023

  • Last Updated:

  • Address: 1614 W Arlington Rd, Bloomington, IN 47404

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