DEVELOPERS & MULTIFAMILY INVESTORS-BUILD NEW NEAR DOWNTOWN INDY! Opportunity to acquire approximately .20 acres for only $90,000 with D-8 multifamily zoning and the potential to develop up to 16 residential units, subject to applicable zoning, site-plan approval, parking, building requirements and permitting. Located at the corner of Fairfield Avenue and College Ave, this cleared development site offers an excellent infill opportunity in an established Indianapolis neighborhood just minutes from Downtown. The location also benefits from nearby IndyGo service, with bus stops at the College Avenue & Fairfield Avenue intersection, providing convenient access to public transportation. The property offers approximately 8,700 + SF of land, municipal water and public sewer, creating an opportunity to design and build a new multifamily asset from the ground up. For the investor comparing an older renovated quadplex with new construction, this site offers something entirely different: control over the design, unit mix, building systems, finishes and long-term investment strategy. At just $90,000, the land basis represents an attractive opportunity for an investor or developer looking to create density in an established urban location. Bring your builder, architect and development plan. The opportunity is here to build new. Buyer to independently verify zoning, maximum permitted density, unit count, setback, parking, utilities, development standards, site-plan requirements and all other applicable municipal requirements.
