5630 Georgetown RdIndianapolis, IN 46254

Property Details for 5630 Georgetown Rd

Year built

1991

Lot size

0.46 AC

Property size (Sq ft)

900 SF

Zone code

ZO01

Property type

Retail properties

Property subtype

Auto shops

APN

49-06-06-119-018.000-600

APU

490606119018000600

Description

This 1,530-square-foot freestanding retail building, located at 5630 Georgetown Road in Indianapolis, Indiana, presents a unique investment opportunity. Built in 1991, the property sits on a 0.49-acre lot and is zoned C4. Currently vacant, the entire 1,530 square feet is available for sale, lease, or renovation to suit a tenant's needs. The property is ideally suited for a restaurant with a drive-thru, given the owner's willingness to accommodate such renovations. Oil and lube businesses are restricted. The location boasts high visibility along Georgetown Road and benefits from numerous nearby amenities, including retail centers, restaurants, and hotels, ensuring high traffic and strong potential for success. The property's address is 5630 Georgetown Road, Indianapolis, IN 46254, within Marion County. This prime location offers excellent exposure and accessibility for any business seeking a prominent presence in a thriving area. The building's existing structure provides a solid foundation for a variety of commercial uses, making it an attractive option for both investors and entrepreneurs. The opportunity to customize the space to meet specific business requirements adds significant value to this already desirable property.

• CAP approach

  CAP return

  Valuation

  6%

  $171,790

  6.5%

  $158,576

  7%

  $147,249

• Comparable approach

  Method

  Valuation

  Relative Method

  $213,304

  Geo Method

  $213,304

• Alternative Use

  Use

  Valuation

  Residential

  $133,765

  Hospitality

  $122,528

  Educational

  $101,942

  Medical

  $105,447

  Retail

  $158,576

Location Insight

City

Indianapolis

County

Marion

State

Indiana

Latitude

39.8546

Longitude

-86.2407

CBSA code

26900

CBSA name

INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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