8000 Sq Ft New Albany, IN

Office for Sale
Sale Pending/Contingent
Catylist Listing ID: 30283091
Property Subtypes: Mixed Use, Office Building, Other
Status: Pending/Contingent
Building Size (RSF): 8,350 SF
Gross Building Area: See Agent
Sale Price: $200,000
Unit Price: $23.95 PSF
Property Use Type: Investment, Vacant/Owner-User
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/28/2018

Overview / Comments

The property is located across the street from New Albany High School. The building has been renovated continually by owner, "a profession decorator" as shown in attached pictures. New roof in last 2 years on most of the building. Small area on rear portion of the building may need replacement in near future. Open spaces on the first floor for possible retail operation with second floor setup for offices or similar uses. The building and location may be suitable for condo conversion. The original use was a residence upstairs with business on first floor.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Floyd
Tax ID/APN: 22-05-04-200-643.000-008
Zoning: C01
Property Located Between: E. Spring St and Charlestown Rd
Total Number of Buildings: 1
Roof Type: Hip
Construction/Siding: Brick
Parking Type: Surface
Parking Description: In rear of building and on Street
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Radiant
Air Conditioning: Window Unit
Interior Description: See Pictures
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,884 79,705 190,102
Median Age: 35.09 37.15 37.27
Households: 5,954 32,486 80,273


Photograph of Listing Agent

Arthur W Kestler

Kestler Group, LLC KCREA Member
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