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646 Massachusetts Avenue, Indianapolis, IN, 46204

Mixed-Use High Street Retail & Office
$2,200,000

Key Information

$ per SF
$403
Tot. SF
5,466
Year Built
2017
Type
Office
Occupancy
10%

Highlights

  • Value Add Through Lease Up  – The building is currently ±10% occupied by one retail tenant in ±562 SF. The building is currently a gutted shell, prime for redevelopment of the interior to create additional storefronts and density. The ground floor is roughly ±2,531 SF, and the upstairs is roughly ±2,733 SF.
  • Proximity to Downtown – The property is located in the Mass Ave Corridor surrounded by restaurants, bars, significant housing redevelopment.
  • Additional Development Potential– The property has additional land to develop more density – townhomes, multifamily, or even additional retail with street frontage on Massachusetts Ave, providing further opportunity for additional income for the new owner.
  • Parking on Site – The property currently has 10+ parking spaces, providing an amenity to potential operators or tenants that isn’t readily available in the near vicinity. This also provides an opportunity for additional income.

Photos

Location

Agents

Broker of Record

Kyle Matthews

License # RC52200195 (IN)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203