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33852527
33852528

N MADISON AVE, GREENWOOD, IN 46142

TH
IN RB14039040
KW Commercial IMS
Listed by KW Commercial IMS
$4,000,000
7 days on market
Updated 7 days ago

N Madison Development Assemblage

Details
APN 41-02-32-021-035.002-026
Property Type Land
Sub Type Commercial
Pro-Forma Cap Rate 8.00%
Pro-Forma NOI $900,000
Price Per Acre $1,021,398
Class A
Acreage 3.910
Zoning OT (Old Town)
Investment Type Redevelopment
Sale Condition N/A

3.92 Acre Retail Development Opportunity | Riverfront District | Concept Plans Reviewed by City

Marketing description

Harwood Commercial Group is pleased to present the N Madison Development Assemblage, a rare 3.9162 acre retail development opportunity located in Greenwood, Indiana's Riverfront District.

Comprised of five assembled parcels, this offering represents one of the last large-scale redevelopment opportunities near Old Town Greenwood. Significant preliminary planning has already been completed, with conceptual development plans reviewed by the City of Greenwood, allowing developers to accelerate the entitlement and development process.

Conceptual plans support either approximately 23,400 square feet of retail space in a two-building configuration or approximately 32,400 square feet in a single-building format. Existing improvements on select parcels may provide interim income while development plans are finalized.

The property benefits from a strategic location along Madison Avenue with excellent access to US 31, Interstate 65, and the greater Indianapolis metropolitan area. The Riverfront District location may also provide access to a limited liquor license allocation, creating opportunities for restaurant, entertainment, hospitality, and destination retail concepts.

This is a unique opportunity to acquire nearly four acres of assembled land in one of Central Indiana's fastest-growing communities with development potential that would be difficult and costly to replicate today.

Investment highlights

• 3.9162 Acre Assemblage Across Five Parcels

• One of Greenwood's Last Large-Scale Development Opportunities

• Prime Madison Avenue Frontage

• Located Within Greenwood's Riverfront District

• Potential Liquor License Availability

• Preliminary Development Plans Reviewed by City of Greenwood

• Existing Improvements Provide Interim Income Potential

• Concept Plans Support 23,400 SF to 32,400 SF Retail Development

• Approximately 1 Mile to US 31

• Approximately 2.5 Miles to Interstate 65

• Strong Demographics and Established Consumer Base

Listing Contacts

TH
IN RB14039040
KW Commercial IMS
Listed by KW Commercial IMS

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