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Residential Land for Sale in Indianapolis, Indiana

2902 N Capitol Ave, Indianapolis, IN 46208

$499,900
0.41 acres
Active
Est $3,733/mo

Discover a prime development opportunity with this expansive 18,000 sq ft lot zoned D8, ready for multifamily residential projects. Approved plans are in place for a 9-unit luxury condo building, including eight 2-bedroom, 2-bath units and an exclusive penthouse featuring 3 bedrooms and 3 baths. This investment-ready property is perfect for developers looking to capitalize on a highly sought-after location. While the price does not include construction costs, detailed estimates are available for serious buyers. The lot's zoning offers flexibility for residential developments, making it a standout choice for builders seeking a lucrative project. Situated in a convenient and central location, this property ensures easy access to local amenities, public transit, and thriving urban areas. Don't miss this chance to bring a remarkable project to life!

Location

Street address
2902 N Capitol Ave
Community
Burton & Campbells Park Place Add
School district
Indianapolis Public Schools
Elevation
725 feet
Coordinates
39.8086, -86.1618

Property details

Lot size
0.41 acres17,860 sq ft
Zoning
D8
MLS #
MIBOR 21979922
Posted

Parcels

  • 490626190076000101

Legal description

Details and features

Listing

Type
Land
Subtype
Unimproved Land

Listing history

DateEventPriceChangeSource
May 17, 2024New listing$499,900MIBOR
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This 0.41-acre property is located at 2902 N Capitol Ave in Indianapolis, IN 46208. The property is available for sale for $499,900.

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