324 S College Ave

Indianapolis IN 46202

7920 sq. ft.

Land

Currently for sale - view listing

Overview

ATTENTION INVESTORS! MOTIVATED SELLER!! Don't miss this rare chance to craft two modern masterpieces in one of Indianapolis' most sought-after neighborhoods. Nestled in the highly desirable Fletcher Place Historic District in downtown Indy, this large .18ac parcel is surrounded by a vibrant community of new builds and beautifully restored homes, making it a hub of growth and revitalization. The lot is ready to be split into two separate parcels so construction can begin on each build. The sale price includes approved design plans and permits from IHPC for two stunning two-story luxury residences each featuring 4 bedrooms, 4.5 bathrooms, and a fully finished basement, offering nearly 4,000 sq ft of elegant living space. With IHPC already granting approvals, and the city ready to issue permits, the construction process is streamlined, allowing you to separate the parcels, break ground quickly, and bring these designs to life. Whether you're an investor seeking a high-return project or an owner-occupant ready to design your dream home, this turnkey opportunity delivers both convenience and sophistication. The thoughtfully crafted plans set the stage for two luxury residences that blend timeless style with modern functionality, featuring high-end finishes throughout. With the projected home values exceeding $1M each, this is your chance to build equity and live in style in one of the city's most flourishing areas. These lots provide easy access to jobs, shopping, dining, and entertainment - perfect for those who appreciate a vibrant, active lifestyle. Architectural plans, appraisal, and detailed spec sheets for both builds are available for review, offering full transparency for discerning buyers. For those looking to maximize their investment, similar lots at 828 N Oriental are available as part of a package deal. Seller is willing to offer a 10% discount on both if purchased together, and seller may be open to financing a portion of the sale.

Features

7920 sq. ft. lot size

Land

Property history for 324 S College Ave

2022

Sold

$215,000

24 Mar 2022 by Nicholas Laviolette, of Compass Indiana, LLC

2019

Sold

$235,000

07 Aug 2019 by Christi Coffey, of F.C. Tucker Company

Happy sellers in Indianapolis

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