Hotel-Approved Commercial
For Sale
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2656 Waterfront Parkway West Drive, Indianapolis, IN 46214
DP/Commercial-zoned site with hotel development approval in place.
Property Size47,415 SF
Price / SF$14.74
Days on Market13
Property Features for 2656 Waterfront Parkway West Drive
General Information
Standard status
Active
Size
47,415 SF
Class
A
Property subtype
Multifamily, Hospitality, Mixed Use
Zoning
DP/ Commercial
Investment Type
Institutional
Listing Agency:
Blue Flag Realty, Inc.
Listed By:
Jasvir, Jesse Singh · License #Indiana, RB22001424
Source:
Crexi
Added: Aug 21
Changed: Aug 31
Last Checked: Sep 2 at 1:01AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Blue Flag Realty, Inc.
Investment Insights
Based on property information with market context.
This 1.09-acre commercial land site contains 47,415 square feet and carries DP/Commercial zoning. Approval is in place for a 55-room hotel, allowing a future development plan to proceed from an established entitlement position rather than beginning with initial approvals.
The property is located at 2656 Waterfront Parkway West Drive in Indianapolis, Indiana, at the intersection of Highway 136 and Waterfront Parkway. Its location provides direct access to those roadway corridors and places the site within the Greater Indianapolis market. The approved hotel use establishes a clear development direction, while the zoning designation supports commercial land use subject to applicable requirements.
The property is located at 2656 Waterfront Parkway West Drive in Indianapolis, Indiana, at the intersection of Highway 136 and Waterfront Parkway. Its location provides direct access to those roadway corridors and places the site within the Greater Indianapolis market. The approved hotel use establishes a clear development direction, while the zoning designation supports commercial land use subject to applicable requirements.
Key Highlights
- 1.09‑acre commercial land site
- 47,415 square feet of land area
- DP/Commercial zoning
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
166
Businesses Nearby
Explore this area
Business Placement
Demographics for 46214, IN
26,314
Population
11,228
Households
2.3
Avg Household Size
35
Median Age
27%
College-Educated
91%
High-School Grad
7.5 sq mi
ZIP Area
3,509
Density / Sq Mi
$58,863
Median Household Income
$40,688
Median Earnings
$1,116
Median Rent
$180,200
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - DP/Commercial-zoned site with hotel development approval in place.
Where is this commercial land located?
The property is located at 2656 Waterfront Parkway West Drive Indianapolis, IN.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 1.09‑acre commercial land site; 47,415 square feet of land area; DP/Commercial zoning
