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    OFF-MARKET
    Land

    3309 Arlington Ave, Indianapolis, IN 46203

    9.42 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 9.42-acre parcel presents a unique opportunity for residential development on Indianapolis's southeast side. Currently zoned DA (Residential), the property requires rezoning before construction can begin. However, its strategic location offers significant potential. Directly north lies a D-6II zoned multifamily development, and to the south sits an I-2 zoned industrial development, suggesting a favorable environment for future residential projects. The existing structures on the property, an older house and pole barn, are slated for demolition, clearing the way for a fresh start. The asking price for this expansive lot is $500,000. The property is conveniently located at 3309 S Arlington Ave, Indianapolis, IN 46203, in Marion County. Its size and proximity to existing developments make it an attractive investment for developers seeking to capitalize on the growing residential demand in this area. Detailed site plans and zoning information are available upon request. This is a rare chance to acquire a substantial tract of land with significant upside potential in a rapidly developing part of Indianapolis.

    Property profile
    Verified
    Property type Land
    Lot 9.42 ac (410,335 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
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    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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