1527 146th St, Carmel, IN 46074-9610
This exceptional 2.61-acre commercial land parcel presents a unique investment opportunity in Hamilton County. Zoned for mixed-use development under a PUD (Planned Unit Development) designation, this property offers significant flexibility for a variety of commercial ventures. The expansive lot size provides ample space for substantial construction, allowing for the creation of a large-scale project or the development of multiple smaller buildings. The single-tenant designation simplifies the leasing process and minimizes potential management complexities. Given its size and zoning, this property is ideally suited for a range of commercial uses, from retail establishments and restaurants to office spaces and light industrial facilities. Its strategic location within Hamilton County ensures excellent visibility and accessibility, making it an attractive proposition for businesses seeking a prominent presence in a thriving market. The existing infrastructure and utilities in the area further enhance the property's appeal, reducing development costs and timelines. This is a rare opportunity to acquire a sizable, versatile commercial land parcel in a desirable location, offering significant potential for long-term growth and profitability. Serious inquiries are encouraged to explore the possibilities this property presents. The property is currently available for lease. Detailed zoning information and development guidelines are readily available upon request. This prime location offers exceptional potential for a discerning investor or developer.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.