210 & 230 South Harbour Dr.
Noblesville, IN 46062
List Price: $1,653,000
Square Feet: 240,015.6
Commercial property is available for purchase on Morse Lake. With a central location and an abundance of traffic, this prime real estate presents possibilities for both retail and office development.
The property consists of two contiguous parcels of retail development land, totaling 5.51 acres in Noblesville, IN. The land is located at the northeast corner of South Harbour Drive and State Road 38, with significant frontage on both roadways. State Road 38 serves as a connection between Lafayette (beginning at US 52 with an interchange at Interstate 65 at Exit 168) and Richmond (ending at US 35).
Less than one mile due north of the subject property is Morse Reservoir. Morse was constructed in 1956 as the third reservoir of water for the city of Indianapolis. The other two lakes are Geist and Eagle Creek. Morse has 1500 acres of water, 35 miles of shoreline and is 7 miles of navigable water from Little Chicago Road in Noblesville to the bridge at State Road 19 in Cicero. South Harbour Drive is one of the primary access roads to this popular boating destination, as well as many nearby neighborhoods surrounding the reservoir. Many water enthusiasts visit Morse Reservoir on a regular basis driving right by the subject property.
The property is located in Hamilton County, which has experienced a socio-economic boom in the past decade. Within a five-mile radius of the property, there has been astonishing population and economic growth.
- Since 2000, the population within the demographic profile has increased 41.63 percent.
- In 2006, there were 66.861 people living in 24,897 households with an average annual household income of $86,425 (that’s $22,796 over then national average of $63,629).
- It is projected that by 2011, the population will grow another 24.71 percent for a total of 83,382 people.
The Marina Limited Partnership is offering the opportunity to acquire two contiguous parcels of land suitable for retail development in the rapidly growing Noblesville, Indiana. With frontage on major roadways, a positive socio-economic outlook, proximity to the lake, and an upper-middle class demographic, these land parcels are an excellent retail development opportunity.
For more information on the availability of our commercial property call us at (317) 845-0270 today!