1733 Olive St Indianapolis, IN 46203

This exceptional 21,700 square foot development opportunity in Indianapolis, Indiana, is ideally situated at 1733 S Olive St, zip code 46203. Currently zoned D5 residential, with support for D8 and Planned Unit Development (PUD) zoning, this site presents a unique chance to create a thriving residential community. The property includes two existing residential structures and boasts convenient access to public transportation via the nearby Red Line transit stop. Its location offers residents easy access to the Pleasant Run Trail and the Indianapolis Cultural Trail, providing ample opportunities for outdoor recreation and walkability. The asking price is $699,000. Utilities are already on-site, and a site survey is available. This redevelopment project is perfectly positioned to capitalize on Indianapolis's growing need for housing, particularly in the "Missing Middle" segment, allowing for the development of townhomes or smaller multifamily units. The property's proximity to downtown Indianapolis and the vibrant Fountain Square neighborhood further enhances its appeal and potential for significant return on investment. This is a chance to contribute to Indianapolis's evolving urban landscape while creating a valuable and desirable residential development.