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Listed by Justin Lowe • Ellsbury Group
$ 90,000
Est. payment /mo
Active
722 Fairfield AVE Indianapolis, IN 46205
8,712 Sqft Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
Subdivision No Subdivision
MLS Listing ID 22100661
Tax Year 2025
Lot Size 8,712 Sqft
Acres 0.2
Property Sub-Type Unimproved Land
Property Description
DEVELOPERS & MULTIFAMILY INVESTORS-BUILD NEW NEAR DOWNTOWN INDY! Opportunity to acquire approximately .20 acres for only $90,000 with D-8 multifamily zoning and the potential to develop up to 16 residential units, subject to applicable zoning, site-plan approval, parking, building requirements and permitting. Located at the corner of Fairfield Avenue and College Ave, this cleared development site offers an excellent infill opportunity in an established Indianapolis neighborhood just minutes from Downtown. The location also benefits from nearby IndyGo service, with bus stops at the College Avenue & Fairfield Avenue intersection, providing convenient access to public transportation. The property offers approximately 8,700 + SF of land, municipal water and public sewer, creating an opportunity to design and build a new multifamily asset from the ground up. For the investor comparing an older renovated quadplex with new construction, this site offers something entirely different: control over the design, unit mix, building systems, finishes and long-term investment strategy. At just $90,000, the land basis represents an attractive opportunity for an investor or developer looking to create density in an established urban location. Bring your builder, architect and development plan. The opportunity is here to build new. Buyer to independently verify zoning, maximum permitted density, unit count, setback, parking, utilities, development standards, site-plan requirements and all other applicable municipal requirements.
Location
State IN
County Marion
Zoning D-8
Interior
Fireplace N
Building
Sewer Public Sewer
New Construction false
Schools
School District Indianapolis Public Schools
Others
Acceptable Financing Not Applic
Listing Terms Not Applic
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