146th St & Community Dr Carmel, IN 46033
- Land
- 1.70 lot acres
Current Use by Public Records
- Land
Property Details for 146th St & Community Dr
- Lot size
- 1.70 lot acres
- Property type
- Land
Description
Exceptional 1.7-acre commercial land parcel ideally situated in Carmel, Indiana's thriving LEO at Carmel development. This PUD-zoned property boasts a prime location at the signalized intersection of E 146th Street and Community Drive, experiencing high daily traffic volume of 25,750 vehicles. The site is part of the larger Legacy of Carmel, a 400-acre master-planned mixed-use district, ensuring strong surrounding demographics and consistent consumer traffic. Within a one-mile radius, there are 2,235 households with an average household income of $148,321, providing a robust consumer base for retail businesses. This opportunity includes the potential for retail outlots, with one acre already under contract with a national coffee chain, demonstrating strong market demand. Additionally, 5,828 square feet of ground floor retail condos are also available, presenting further development possibilities. The property's APN is 29-10-23-000-001.003-018. This is a unique chance to establish a presence in a rapidly growing area with significant residential and commercial development. The surrounding LEO at Carmel development comprises 350 units, including 230 single-family attached and detached homes and 120 garden-style apartments, further solidifying the area's potential for retail success.
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
- Carmel
- County
- Hamilton
- State
- Indiana
- Longitude
- -86.045
- Latitude
- 40.0002
