5434 E SOUTHPORT Road, Indianapolis, IN 46237

$273,000
Sold Price
$273,000
List Price
$325,000
Closing Date
Mar 12, 2021
MLS#
21660665
Property Type
Land
Neighborhood
PT SE1/4 SW1/4 S10 T14 R4 BEG 267' W OF SE COR W145' N 455' E 145' S 455' TO BEG 1.515AC(1.428AC TAX)
Days on Market
582
Status
SOLD

Property Description

MAJOR PRICE REDUCTION! - COMMERCIAL / RESIDENTIAL LAND - OWNER / INVESTOR’S DREAM Two parcels, +/-3.33 acres total. OUTSTANDING DEVELOPMENT OPPORTUNITIES: High visibility. Two of only a few undeveloped parcels available on E Southport Road. Less than 1 minute from I-65/Southport Rd interchange. Adjacent to major "Big Box" retail, commercial and restaurants. Currently zoned (D-A) residential, but also designated (C-1) for Light-Commercial use in Metropolitan Comprehensive Development Plan for Marion County. (See attached Comprehensive Plan documentation). Prior (2008) appraised valuation $1,180,000 - asking only $325,000! (total for both parcels! Other parcel is 5424 E Southport Rd) Owners retiring/liquidating holdings. Rare opportunity!

Additional Information

Present Zoning
Single Family, See Remarks
Potential Zoning
Commercial, Professional-Office, See Remarks
Land Characteristics
See Remarks
Topography
Cleared, Filled, Level, Other
Improvements
SeeRemarks, Other
Development Status
Rough Grade, See Remarks
Facilities on Site
Cable, Electric, Gas, Telephone, Water & Sewer
Facilities near Site
Cable, Electric, Gas, Telephone, Water & Sewer
Water
Municipal Water Near By
Sewer
Municipal Sewer Near
Road Access
Frontage Road, CityStreet
Road Frontage
City Street
Road Surface
Asphalt
Acres
3.33
Water
Municipal Water Near By
Region
Franklin
Neighborhood
PT SE1/4 SW1/4 S10 T14 R4 BEG 267' W OF SE COR W145' N 455' E 145' S 455' TO BEG 1.515AC(1.428AC TAX)
School District
Franklin Township

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Listing courtesy of Keller Williams Indy Metro S. Selling Office: Midland Realty Group, Inc..

Information Deemed Reliable But Not Guaranteed. © 2024 Metropolitan Indianapolis Board of REALTORS®