6701 Troy Ave Indianapolis, IN 46203
- Land
- 13.45 lot acres
Current Use by Public Records
- Land
Property Details for 6701 Troy Ave
- Lot size
- 13.45 lot acres
- Property type
- Land
- Property subtype
- Farms
Description
This exceptional 13.45-acre property in Indianapolis, Indiana, presents a unique investment opportunity. Comprised of two contiguous parcels, both located at 6701 E Troy Ave, this land offers diverse development potential. High-tension power line easements traverse the property at two points. A significant portion (3 acres) includes a retention pond for effective drainage management. The property's zoning is versatile, encompassing DA (Dwelling-Agriculture), SU43 (high-tension power lines), D-4 (low or medium intensity single and two-family development), and D-P (Planned Unit Developments). The Indianapolis Comprehensive Plan designates the land for Floodway, Light Industrial, and Suburban Neighborhood uses. Note that a portion of the southern end falls within a partial flood zone, near the retention pond. Buyer due diligence is recommended for any development plans. Currently, hay is planted and the sale is contingent upon existing crop rights held by a local farmer for the 2024 season. Adjacent parcels at 6801 and 6901 E Troy Ave are also available for purchase. The asking price for this significant land holding is $537,600.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Indianapolis
- County
- Marion
- State
- Indiana
- Longitude
- -86.0505
- Latitude
- 39.7246
