7352-7360 E Pendleton Pike - Freestanding FOR SALE


Indianapolis, IN 46226- Lawrence
$3,000,000 USD
916-995-3298
7352-7360 E Pendleton Pike, Indianapolis, IN for Sale
$3,000,000 USD
Freestanding - FOR SALE
1/6
null | Request Cap Rate

7352-7360 E Pendleton Pike
Indianapolis, IN 46226
Lawrence


HIGHLIGHTS

  • Direct frontage to Pendleton Pike (30,000 VPD), primary retail corridor in the area; Located directly off I-465 exit ramp
  • Opportunity for value-add with retail strip center (month-to-month & Short Term leases)
  • Commercial zoning allows for a variety of uses, ideal for QSR, Gas Station, Car Wash, or other retail development
  • Across the freeway from Menard’s, the dominant home improvement retailer for the region
  • I-465 averages 162,000+ vehicles per day (VPD) during peak times (Source: INDOT traffic data)
  • Densely populated submarket with a population of 222,000+ in the 5-mile radius

OVERVIEW

Prime retail development opportunity with direct frontage along Pendleton Pike (30,000 VPD), the area's primary retail corridor. The property offers value-add potential through an existing retail strip center with month-to-month and short-term leases. Commercial zoning allows for a wide variety of uses, making it ideal for a QSR, gas station, car wash, or other retail concepts. Strategically located directly off the I-465 exit ramp and across the freeway from Menard’s, the dominant home improvement retailer in the region.

FOR SALE DETAILS

PRICE

$3,000,000 USD

PRICE/SF

$238 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Pendleton Pike Assemblage - Development Site

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Auto Dealership, Auto Repair, Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1989

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

3 AC

LAND SF

130,680 SF

ZONING

C-4

APN/PARCEL ID

49-07-13-102-047.000-407

ASK ABOUT THIS PROPERTY

Marc MerchantCentury Partners Real Estate Inc.More Info
916-995-3298

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Marc MerchantCentury Partners Real Estate Inc.More Info
916-995-3298

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.