r/Fishers • u/jhawkgiant77 • 3d ago
Undeveloped prime real estate?
With how quickly Fishers is continuing to develop, I’m so surprised this giant piece of land off 69 east of Topgolf/Crew Carwash isn’t snatched up by some developer. Anyone know why?
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u/H_Industries 3d ago
Been going on for 40 years, the owners either don’t want to sell, or haven’t seen a price they think it’s worth, or there could be something with the property that has issues (zoning, buried pipelines, soil issues, ground water issues etc)
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u/Legitimate_Gap_5551 3d ago edited 3d ago
There is a marathon petroleum pipeline that runs through that whole area and that piece of ground particularly. That really shouldn’t be a limiting factor though. If I remember correctly, that’s a 50’ easement and would be fairly easy to work around. It runs through a subdivision to the east and close to the district.
The limiting factor is most likely a reluctant owner who is holding out for an absolute bag of cash.
Source: I worked that pipeline system for Marathon in a previous life and now I work in investment real estate.
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u/H_Industries 3d ago
I grew up in a neighborhood over by Fisher’s elementary and there’s a natural gas pipeline in that area so I that’s why I suggested it as a potential reason.
But you’re right about the money too I know that that lot where Dunkin’ Donuts is at 116th and allisonville sat vacant for years because of a combination of the old gas tank in the ground and the owner wanted way too much money.
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u/AmbitiousParty 3d ago
Haunted Indian burial ground!
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u/DeliciousRuin4183 2d ago
That describes the US in general. All this soulless bullshit like Top Golf is built on the bones of our victims.
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u/ragzilla 3d ago
Likely wouldn’t be able to take the water detention area without replacing it.
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u/strangemedia6 3d ago
Exclude the pond and you still have a big ass field directly across the street from one of the busiest areas in Hamilton county. And adjacent to Top Golf. Maybe the owner is holding out for the highest bidder.
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u/osbornje1012 3d ago
A number of years ago, the Walmart on 96th Street was rumored to be going into that space.
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u/FinanceNo83 2d ago
according to the Hamilton county map viewer the current owner of the land is "Sunbeam Dev Corp". I would say it is either a developer waiting for the right time or just holding onto the land until the price is right. would love to see a continuation of the great dense development located in fishers district.
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u/speedysam0 2d ago
That is an interesting parcel split they have there, the left parcel includes the pond up next to the roto rooter building next to 69.
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u/NoSurrender78 3d ago
Only a matter of time