5220 W Troy Ave - Service Station FOR SALE


Indianapolis, IN 46241- Mars Hill
$3,210,000 USD
317-607-0884
5220 W Troy Ave, Indianapolis, IN for Sale
$3,210,000 USD
Service Station - FOR SALE
1/7
null | Request Cap Rate

5220 W Troy Ave
Indianapolis, IN 46241
Mars Hill


HIGHLIGHTS

  • Strategically positioned near Interstate 70.
  • Excellent visibility.
  • Turnkey functionality.
  • Expansion upside with 3.34 acres.

OVERVIEW

Maximize your investment potential with this established Phillips 66 gas station and convenience center, located in the growing Airport submarket of Indianapolis. Situated on 3.34 acres at the signalized corner of West Troy Avenue and South Lynhurst Drive, the site features two gas tanks, a well-established convenience store, and an on-site laundromat—offering multiple income streams plus room for expansion. The property includes over 400 feet of frontage on Troy Avenue and 170 feet on Lynhurst Drive, with a dedicated bus stop on site enhancing accessibility. The layout offers excellent visibility, ample parking, and future potential for additional services such as a car wash, quick-serve restaurant, or retail. An adjacent 1.8 AC lot is available separately. Strategically positioned near Interstate 70, Interstate 465, and just minutes from Indianapolis International Airport and the FedEx Hub. This site enjoys access to workers, commuters, and residents in the immediate vicinity. Whether you're an operator, developer, or investor, this property delivers turnkey functionality, expansion upside, and a central location in one of Indianapolis’s key logistics and travel corridors.

FOR SALE DETAILS

PRICE

$3,210,000 USD

PRICE/SF

$517 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Phillips 66

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

3.34 AC

LAND SF

145,490 SF

ZONING

C-3

APN/PARCEL ID

49-11-19-109-001.000-900,49-11-30-116-002.000-200,49-11-30-116-006.000-200

ASK ABOUT THIS PROPERTY

Sharon ThompsonKW Commercial IndianaMore Info
317-607-0884

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Sharon ThompsonKW Commercial IndianaMore Info
317-607-0884

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.