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530 Massachusetts Ave
Indianapolis, IN 46204
Penrose on Mass · Retail Property For Lease
Highlights
- Located in the heart of Mass. Avenue
- Rear covered delivery
- 20' clear height allowing for mezzanines
Property Facts
| Total Space Available | 7,626 SF | Apartment Style | Mid-Rise |
| No. Units | 236 | Building Size | 185,000 SF |
| Property Type | Multifamily | Year Built | 2019 |
| Property Subtype | Apartment |
| Total Space Available | 7,626 SF |
| No. Units | 236 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Size | 185,000 SF |
| Year Built | 2019 |
About the Property
Penrose on Mass offers retailers and restaurants, looking to expand in downtown Indianapolis, a unique opportunity that they rarely find in an urban setting: new, contemporary construction; plenty of on-site parking and a strong residential component all in a commercialfriendly environment. The $70-million, mixed-use Penrose on Mass project in downtown Indianapolis includes 4-stories of apartments (236 units) and 39,000 square feet of retail jointly developed by John Hart of JC Hart and Strongbox, led by Paul Kite. + Located in the heart of Mass Avenue + 236 apartment units + 20’ clear ceiling heights allowing for mezzanines + Rear covered delivery + 373 total garage spaces, 200 specifically for retail and an additional 45 street parking spaces for retail use as well
