2902 N Capitol Avenue
Indianapolis, IN 46208
- – beds
- – baths
- – sqft
- ~1/2 acre lot
Discover a prime development opportunity with this expansive 18,000 sq ft lot zoned D8, ready for multifamily residential projects. Approved plans are in place for a 9-unit luxury condo building, including eight 2-bedroom, 2-bath units and an exclusive penthouse featuring 3 bedrooms and 3 baths. This investment-ready property is perfect for developers looking to capitalize on a highly sought-after location. While the price does not include construction costs, detailed estimates are available for serious buyers. The lot's zoning offers flexibility for residential developments, making it a standout choice for builders seeking a lucrative project. Situated in a convenient and central location, this property ensures easy access to local amenities, public transit, and thriving urban areas. Don't miss this chance to bring a remarkable project to life!
Last checked:
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Last updated Jan 24, 2025
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MLS# 21979922 —
The Building
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New Construction:false
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Development Status:Not Applicable
Location
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Directions:Capitol to address
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Latitude:39.808561
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Longitude:-86.161816
The Property
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View:true
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Property Type:Land
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Property Subtype:Commercial Land
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Parcel Number:490626190076000101
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Acres:1/4-1/2 Acre
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Lot Size Acres:0.41
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Lot Size SqFt:18,000 Sqft
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Price Per Acre:1219268
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Type:Not Applic
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Divisible:No
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Zoning:D8
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Present Zoning:Condo,Multi-Fam
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Topography:Cleared
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Land Characteristics:City
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Horse Amenities:None
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Soil Type:Gravely
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Road Access:Not Applic
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Road Frontage Type:NotApplic
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Road Surface Type:NotApplic
Listing Agent
- Contact info:
- Agent phone:
- (317) 440-2149
- Office phone:
- (317) 440-2149
Taxes
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Tax Lot:49-06-26-190-076.000-101
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Tax Year:2023
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Semi Annual Property Tax Amt:576
Utilities
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Water:Not Applic
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Sewer:Not Applicable
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Solid Waste:No
Schools
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High School District:Indianapolis Public Schools
The Community
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Subdivision Name:Burton & Campbells Park Place Add
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Facilities On:Not Applicable
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Facilities Near:Cable,Electric,Gas
Extra Units
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Other Structures:Not Applicable
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
5/16/24
May 16, 2024
|
Listed / Active | MIBOR | $499,900 | |
|
3/9/23
Mar 9, 2023
|
Listed / Active | MIBOR |
