3
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$425,000
Est. payment /mo
0.46 Acres Lot
New
1549 N Arsenal AVE Indianapolis, IN 46201
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Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
Subdivision Fletchers S A Jr North
MLS Listing ID 22076967
HOA Y/N No
Tax Year 2024
Lot Size 0.460 Acres
Acres 0.46
Property Sub-Type Unimproved Land
Property Description
This prime vacant parcel in Indianapolis presents an exceptional development opportunity, already approved for 16 residential units. Situated on a hard corner with excellent road frontage, the site offers strong visibility and access, ideal for a multi-unit residential project. An added advantage is the potential to acquire neighboring parcels, which could significantly expand the overall footprint and allow for additional units beyond the current approval. This flexibility creates a compelling upside for developers looking to scale or enhance density in a growing market. With approvals in place and expansion potential on the table, this property is well positioned for an efficient path from acquisition to development in a desirable Indianapolis location.
Location
State IN
County Marion
Zoning R4
Interior
Fireplace N
Exterior
View Y/N false
Building
Sewer Public Sewer
Water Public
New Construction false
Schools
School District Indianapolis Public Schools
Others
Acceptable Financing Not Applic
Listing Terms Not Applic
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