Industrial Corner (land)

Vacant Land for Sale
Catylist Listing ID: 30662990
Property Subtypes: Industrial, Office, Self Storage
Gross Land Area: 1.27 Acres
Sale Price: $185,000
Unit Price: $145,669 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/1/2020

Overview / Comments

Industrial- Land is on a corner lot surrounded by several industrial operations and facilities. The value is the land and though there is a home on the property it has not been lived in recently and is not habitable and should not be entered. There are other residents nearby, all of these homes along this block are in the industrial zone as well. They are currently rented or owned as residential use but could possibly be acquired for additional land. The rezoning by the City indicates their desire to change this area into opportunity for increasing the presence of industrial uses such as light manufacturing and business park interest. The City of New Albany may have incentivizing tools available, along with the State of Indiana Economic Development Corporation, depending on your overall investment for your development and the number of temporary jobs, permanent jobs and economic impact. This should be pursued with the City Redevelopment Director.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Floyd
Tax ID/APN: 22-05-01-400-009.000-007
Zoning: INDUSTRIAL
Property Located Between: Grant Line and Reas Ln
Property Visibility: Excellent
Legal Description: SW1/4 14-2-6 1.268 AC.
Largest Nearby Street: Grant Line Rd
Highway Access: Immediate to I-265 which can connect you to I-65 and I-64 within a mile. You then can quickly cross into to Louisville via any of the 5 bridges from the East End to Downtown or to the west entry from New Albany on I-64.
Airports: Louisville International, Clark County Regional Airports
Site Description: Site is at the corner of Reas Ln and Hausfeldt Ln and had been a residence in the past
Area Description: Setting is in the New Albany Industral Park area and is also behind Indiana University Southeast (IUS). Quick interstate access and you are in the hub area for the largest portion of the regions population within a few hours in all directions.
Zoning Description: Industrial (IND)- district is intended for a variety of small-to medium-scale, clean industrial uses including wholesaling, warehousing, flex space, construction, and distribution. Light industrial uses include research and development facilities, Businesses parks, small-scale product assembly, and advanced manufacturing. Emissions of fumes, noise, smoke, and other pollutants isstrictly controlled. Outside storage and use isvery limited.
Development Name: Industrial Site (land)
Topography: Level
Available Utilities: Electric, Water, Gas, Sewer, Storm Drain, Cable
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,777 47,032 107,961
Median Age: 37.19 38.38 38.68
Households: 2,379 19,251 43,843

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