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5
Map
$650,000
●
Land -
For Sale
324 S College Avenue
Indianapolis, IN 46202
Studio
0 Bath
$3,197
Estimated Monthly
$5
HOA / Fees
1.79%
Cap Rate
About This Property
Unlock the essence of urban luxury living with this exceptional
vacant lot, perfectly situated in the vibrant heart of Indianapolis
and ready to be split and developed into two stunning homes. This
prime parcel not only boasts fully approved design plans and
permits for both properties but also expedites the building process
for the discerning buyer. Ready for immediate construction, the
meticulously crafted designs set the stage for two sophisticated
luxury homes adorned with high-end finishes, ensuring unparalleled
residences of timeless elegance. This turnkey opportunity
seamlessly merges luxury and convenience, offering a distinctive
blend of sophistication and modern living. With projected home
values exceeding $1.1M each, this project eagerly awaits the vision
of a discerning buyer poised to make a lasting impact on this
flourishing neighborhood. Nestled in the Fletcher Place
neighborhood, a burgeoning area near downtown Indianapolis, this
project stands as a beacon of revitalization, surrounded by a
collection of new builds and fully renovated homes. Seize the
chance to bring these dream homes to life in a location
characterized by growth and potential. These ready-to-build lots
invite you to craft two masterpieces and embrace the dynamic energy
of a neighborhood on the rise, all while making a handsome profit
from the endeavor. Copies of recent appraisals, architectural
plans, and spec sheets are all included and available for review.
Another similar property is also available for a package deal (828
N Oriental). Act quickly for maximum ROI!!
Unit Size
-
Days on Market
141 days
Land Size
0.18 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
$5
Year Built
1950
Listed By
Last updated: 5 months ago (MIBORIN #21955320)
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Dec 8, 2023 | Listed by Keller Williams Indianapolis Metro North | $650,000 | |
Listed by Keller Williams Indianapolis Metro North | |||
Mar 26, 2022 | No longer available | - | |
No longer available | |||
Mar 2, 2022 | Listed by Compass of Indiana, LLC | $250,000 | |
Listed by Compass of Indiana, LLC | |||
|
|||
OPPORTUNITY! This oversized lot in Fletcher Place is one of a kind.
Zoned D8 - Build your dream luxury single-family home, multi-family
property, row homes or divide the land to multiple homesites. This
location can't be beat. You can enjoy walking or biking to some of
Indy's best local bars, restaurants, and shops. Jump on the
Cultural Trail and head to Fountain Square, Mass Ave or Mile
Square. Don't miss this opportunity!
|
Property Highlights
Building Info
Overview
Building
Neighborhood
Zoning
Geography
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Active
Condo
2
Beds
2
Baths
2,024 ft²
$289/ft²
$584,900
Nov 10, 2023
-
$350/mo
In Contract
House
4
Beds
3.5
Baths
2,481 ft²
$224/ft²
$555,000
Aug 15, 2023
-
-
Active
Condo
2
Beds
2
Baths
1,675 ft²
$328/ft²
$550,000
Sep 28, 2023
-
$592/mo
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