6001-6009 Massachusetts Ave
10,000 SF 54% Leased Retail Building Indianapolis, IN 46226 $675,000 ($67.50/SF)
INVESTMENT HIGHLIGHTS
- Flexible C5 Redevelopment Acreage on busy 6-Corner Intersection
- Approximately 1.7 miles from I-465/Shadeland ramp
- Approximately 1 mile from Shadeland/38th corridor
- Almost 1.5 Acres of Highly Visible Acreage w/Onsite Utilities
- Approximately 1.5 miles from I-70/Emerson ramp
- Retail, Gas Station/C-Store, Car Wash, Fast Food
EXECUTIVE SUMMARY
• Excellent C-5 Redevelopment Opportunity on a 1.44-acre land.
• Allows for the construction of a Gas Station/C-Store/Car Wash/Liquor Store or Retail Strip mall with ample Parking, while replacing the current structure with stand-alone shops.
• Located on a Highly Visible 6-corner lot at the junction of Mass Avenue, Arlington Avenue, and 34th Street, known for its significant traffic and busy intersection.
• The property benefits from High Traffic Counts and convenient access, with cuts on both Mass Ave. and 34th St.
• Municipal utilities are already on-site. It is conveniently situated, just 1.5 miles from the I70/Emerson ramp, 1.7 miles from the I-465/Shadeland ramp, and 1 mile from the Shadeland/38th corridor.
• Currently, there is a 4,606 SF freestanding, all-brick Retail Building on the property.
• Includes 22 paved parking spaces, 4 storefronts, and independent restrooms, utilities, and HVAC systems.
• Additionally, there is separate billboard lease income associated with the property.
• Given its desired visibility and favorable zoning, this property offers numerous existing and development opportunities.
• Allows for the construction of a Gas Station/C-Store/Car Wash/Liquor Store or Retail Strip mall with ample Parking, while replacing the current structure with stand-alone shops.
• Located on a Highly Visible 6-corner lot at the junction of Mass Avenue, Arlington Avenue, and 34th Street, known for its significant traffic and busy intersection.
• The property benefits from High Traffic Counts and convenient access, with cuts on both Mass Ave. and 34th St.
• Municipal utilities are already on-site. It is conveniently situated, just 1.5 miles from the I70/Emerson ramp, 1.7 miles from the I-465/Shadeland ramp, and 1 mile from the Shadeland/38th corridor.
• Currently, there is a 4,606 SF freestanding, all-brick Retail Building on the property.
• Includes 22 paved parking spaces, 4 storefronts, and independent restrooms, utilities, and HVAC systems.
• Additionally, there is separate billboard lease income associated with the property.
• Given its desired visibility and favorable zoning, this property offers numerous existing and development opportunities.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Business Value Included
Property Type
Retail
Property Subtype
Service Station
Building Size
10,000 SF
Building Class
C
Year Built
1931
Price
$675,000
Price Per SF
$67.50
Percent Leased
54%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.16
Lot Size
1.44 AC
Zoning
C-5 - See attached for Marion County list of C5 permitted uses.
Parking
22 Spaces (4.78 Spaces per 1,000 SF Leased)
Frontage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 49-07-23-124-007.000-700 | Improvements Assessment | $83,400 |
| Land Assessment | $28,600 | Total Assessment | $112,000 |
