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Listed by Colton Cassel • Trueblood Real Estate
$ 899,000
Est. payment /mo
Active
1301 Averitt RD Greenwood, IN 46143
5 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Residential Lots
Listing Status Active
Purchase Type For Sale
Subdivision No Subdivision
MLS Listing ID 22122451
HOA Y/N No
Tax Year 2025
Lot Size 5.000 Acres
Acres 5.0
Property Sub-Type Residential Lots
Property 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.
Location
State IN
County Johnson
Zoning RL
Interior
Fireplace N
Exterior
Water Access Desc Public
Building
Sewer Public Sewer
Water Public
New Construction false
Schools
Middle Schools Greenwood Middle School
High Schools Greenwood Community High Sch
School District Greenwood Community Sch Corp
Others
Acceptable Financing See Remarks
Listing Terms See Remarks
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