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3654 W 96th St - Carmel Land - Gateway 3.54 Acres of Commercial Land Offered at $1,660,068 CAD in Indianapolis, IN 46268

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INVESTMENT HIGHLIGHTS

  • Carmel Gateway Development Opportunity
  • Investment Hotspot
  • Strategic Accessibility
  • High-Visibility Location
  • Strong Demographics
  • Mixed-Use Potential

EXECUTIVE SUMMARY

Presenting a prime development opportunity in the highly sought-after Carmel gateway zone. This 3.54-acre parcel of land, zoned S1, offers exceptional potential for investors and developers seeking a strategic location in one of Indianapolis's most rapidly growing areas. Situated on West 96th Street, this property benefits from excellent accessibility and visibility.
Key highlights include:
-Strategic Location: Positioned within the Carmel gateway zone, this land is poised to capitalize on the area's ongoing development and economic expansion.
-Development Potential: The S1 zoning allows for a range of potential uses, offering flexibility for various development projects. (It is very important that potential buyers verify allowable uses with the city of Carmel).
-Size and Scope: With 3.54 acres, this property provides ample space for significant development.
-High-Growth Area: Carmel is known for its strong demographics, excellent schools, and thriving business environment, making it a highly desirable location.
This is a rare opportunity to acquire a substantial land parcel in a premier location. We encourage serious inquiries to explore the immense potential this property offers.

PROPERTY FACTS

Price $1,660,068 CAD
Sale Type Investment or Owner User
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Retail
  • Office
  • Mixed Use
  • Multifamily
  • Apartment Units
  • Community Centre
  • Health Club
  • Hold For Development
  • Hold For Investment
  • Hotel
  • Lumberyard
  • Police or Fire Station
  • Post Office
  • Public Library
  • Public Park
  • Schools
  • Specialty, Festival or Entertainment
  • Storefront
  • Storefront, Retail or Office
  • Storefront, Retail or Residential
  • Agricultural
  • Agribusiness
  • Single Family Residence
Total Lot Size 3.54 AC
No. Stories 1
Zoning S-1 - S-1, single-family residential

1 LOT AVAILABLE

Lot

Price $1,660,068 CAD
Price Per AC $468,945.75 CAD
Lot Size 3.54 AC

3.54-acre parcel of land ready to be developed, zoned S1 with Single Family Residence, 1 curb cut off 96th St., regulated drain runs through the property, not affected by flood plain

DESCRIPTION

This 3.54-acre parcel of land, zoned S1, is situated on West 96th Street in Indianapolis, IN. The property is located within the desirable Carmel gateway zone, a location poised for ongoing development and economic expansion. The site is currently occupied by a single family residence.   The property is located near B5 zoned land that allows for medical, office, and residential use. The west side of Commerce features a mix of S-1, B5, and B7 zoning, all intended to integrate well with residential areas.   Carmel’s Master Plan identifies this area as a “Gateway” area, slated for large lot mixed-use commercial development. Permitted uses in this area include commercial, residential, retail, parks, light industrial, institutional, educational, and hospitality.   This parcel offers exceptional potential for investors and developers seeking a strategic location in a rapidly growing area of Hamilton County.

  • Listing ID: 35267194

  • Date on Market: 2025-03-26

  • Last Updated:

  • Address: 3654 W 96th St, Indianapolis, IN 46268

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