Signalized 2.25-Acre Redevelopment Site | I-465
C-4 Zoned Commercial Site | Two Parcels | Major US Hwy 40 Frontage
Marketing description
Prime 2.25-acre redevelopment opportunity located along East Washington Street (US Hwy 40), just west of Interstate 465 in Indianapolis.
The property consists of two contiguous parcels totaling 2.25 acres and includes a 6,121-square-foot restaurant building currently in operation, with extensive parking and signalized access. Zoned C-4 Community-Regional Commercial, the site supports a wide range of commercial redevelopment uses. An existing billboard provides approximately $10,000 in annual income.
Strategically positioned within an established commercial corridor, the site benefits from excellent visibility, accessibility, and surrounding retail and residential density.
This is an ideal opportunity for retail, restaurant, medical, or mixed-use redevelopment.
Investment highlights
PROPERTY HIGHLIGHTS
• 2.25 acres total (per survey) (two parcels)
• Signalized corner location
• Zoned C-4 Community-Regional Commercial
• 6,121 SF existing restaurant building (currently operating)
• 137 parking spaces
• Billboard income of approximately $10,000 annually
• Immediate access to Interstate 465
• Located on major commercial corridor (US Hwy 40)
• Positioned along the IndyGo Purple Line BRT corridor
• Full municipal utilities available
• Excellent redevelopment opportunity
• Strong visibility and frontage
LOCATION ADVANTAGES
• Direct access to Interstate 465
• Located along the IndyGo Purple Line BRT corridor
• Major east-west commercial corridor
• Dense surrounding residential population
• Established commercial corridor
• Strong visibility and access
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