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3+ Acre Development Site Adjacent to I-465 7352-7360 E Pendleton Pike 12,584 SF 100% Leased Retail Building Indianapolis, IN 46226 $4,091,220 CAD ($325.11 CAD/SF)
Investment Highlights
- Direct frontage to Pendleton Pike (30,000 VPD), primary retail corridor in the area.
- Commercial zoning allows for a variety of uses, ideal for QSR, Gas Station, Car Wash, or other retail development.
- High traffic volume from Pendleton Pike and immediate proximity to I-465; 30,000 VPD on Pendleton Pike (main thoroughfare).
- Opportunity for value-add with retail strip center (month-to-month & Short Term leases)
- Located directly off I-465 exit ramp; Across the freeway from Menard’s, the dominant home improvement retailer for the region.
- I-465 averages 162,000+ vehicles per day (VPD) during peak times (Source: INDOT traffic data).
Executive Summary
Prime retail development opportunity with direct frontage along Pendleton Pike (30,000 VPD), the area's primary retail corridor. The property offers value-add potential through an existing retail strip center with month-to-month and short-term leases. Commercial zoning allows for a wide variety of uses, making it ideal for a QSR, gas station, car wash, or other retail concepts. Strategically located directly off the I-465 exit ramp and across the freeway from Menard’s, the dominant home improvement retailer in the region.
Property Facts
Sale Type
Investment NNN
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Freestanding
Building Size
12,584 SF
Building Class
C
Year Built
1989
Price
$4,091,220 CAD
Price Per SF
$325.11 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.10
Lot Size
3.00 AC
Opportunity Zone
Yes
Zoning
C-4
Parking
40 Spaces (3.18 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signage
Nearby Major Retailers
Property Taxes
| Parcel Number | 49-07-13-102-047.000-407 | Improvements Assessment | $384,120 CAD |
| Land Assessment | $360,803 CAD | Total Assessment | $744,924 CAD |
Property Taxes
Parcel Number
49-07-13-102-047.000-407
Land Assessment
$360,803 CAD
Improvements Assessment
$384,120 CAD
Total Assessment
$744,924 CAD
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3+ Acre Development Site Adjacent to I-465 | 7352-7360 E Pendleton Pike
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