Map
Listed price in listed location currency (USD).
$899,000

000

MLS® 22122451

Overview

Key Facts

Type 
Levels Land
Size -
Garage 
Taxes 
Days Active 5
Lot Size 5 Acres
Approx. Age 
MLS® Number 22122451

Property Address: 1301 Averitt Rd, Greenwood, IN, 46143-6731

Average square foot calculated using Size range provided by listing agent.

Description

Rare opportunity to own one of the last large residential investment properties in Greenwood! This approximately 5-acre, flat and usable property offers tremendous potential for builders, developers, and investors. Conveniently located approximately 20 minutes south of Downtown Indianapolis and just minutes from I-65, major shopping, parks, and highly rated Greenwood schools. The property is directly across from Greenwood Middle School and approximately half a mile from Greenwood High School and Freedom Park. Major utilities, including gas, electric, water, and sewer, are located along Averitt Road. Previous development plans outlined 13-20 duplexes, offering the potential for 26-40 total units subject to zoning and governmental approvals. The property also offers flexibility for custom home development, with potential lot sizes ranging from approximately 1/4-acre lots to larger estate-sized parcels. Currently on the property is an approximately 4, 300-square-foot, 11/2-story home featuring 5 bedrooms, 3 bathrooms, 2 fireplaces, gas forced air, and central A/C. Additional improvements include an approximately 2, 500-square-foot pole building, a 900-square-foot red barn, and a pool in need of improvements.
MLS® Number22122451
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age
Basement
Driveway
Garage Spaces
Heat
A/C

Extras

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