4505 Harding St Indianapolis, IN 46217-9266
- Hotels
- 76,425 SF
- 5.22 lot acres
Current Use by Public Records
- Hotels
Property Details for 4505 Harding St
- Year built
- 1975
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 5.22 lot acres
- Property size
- 76,425 SF
- Property type
- Hotels
- Property subtype
- Motels
- APN
- 49-11-34-105-007.000-500
- APU
- 491134105007000500
Description
This exceptional 5.217-acre commercial land parcel presents a unique investment opportunity in Indianapolis's thriving South submarket. Strategically located at the intersection of Harding Street and I-465, this property offers unparalleled access to major transportation arteries, significantly reducing commute times and enhancing logistical efficiency. The site is zoned MU-1 within Marion County, providing flexibility for a range of industrial uses. The property is available for lease at a monthly rate of $20,000 on a triple-net basis. Its proximity to the I-465 and Harding Street interchange ensures high visibility and easy access for employees and clients alike. Furthermore, its advantageous location just six miles from the Indianapolis International Airport adds significant value for businesses requiring seamless air freight connections. This is a rare opportunity to acquire a substantial land holding in a highly desirable location, ideal for businesses seeking to establish a strong presence in a rapidly growing area. The single-tenant configuration offers simplicity and control, making it an attractive proposition for discerning investors and businesses alike. Don't miss this chance to secure this prime industrial land and capitalize on its exceptional location and potential.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $680,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $790,000
- 6.5%
- $840,000
- 7%
- $900,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $840,000
- Geo Method
- $880,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $705,000
- Retail
- $885,000
- Mixed-Use
- $935,000
- Hospitality
- $800,000
- Educational
- $785,000
- Residential Income
- $695,000
- Energy
- $780,000
- Income-Based Land
- $805,000
- Food Service
- $905,000
Location Insight
- Map
- Local Demand
- City
- Indianapolis
- County
- Marion
- State
- Indiana
- Longitude
- -86.1853
- Latitude
- 39.6994
- CBSA code
- 26900
- CBSA name
- INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA
