GREAT COMMERCIAL SITE IN HISTORIC DOWNTOWN NEW ALBANY!
Industrial
for Sale
| Catylist Listing ID: |
30802920 |
| Property Subtypes: |
Flex Space, Free-Standing, Light Industrial, Office Showroom
|
| Building Size (RSF): |
5,215 SF
|
| Gross Building Area: |
See Agent |
| Sale Price: |
$470,000 |
| Unit Price: |
$90.12 PSF |
| Office SF: |
1,175 SF |
| In Opportunity Zone? |
Yes |
| Property Use Type: |
Vacant/Owner-User |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
6/29/2022 |
Overview / Comments
|
GREAT COMMERCIAL SITE IN DOWNTOWN NEW ALBANY! Located at the corner of W Elm and Pearl Street in historic downtown New Albany, this multifunctional commercial building features two parcel numbers on a 6098 sq foot lot with a substantial building of 5,215 sq ft. One parcel is used as a parking area off of Elm Street. Built in 1923 as a monument company, the building features a 2-story wall of windows facing Pearl Street, two bathrooms, a kitchenette, three offices on the main level and a second story set up as storage and additional office space. The property includes a warehouse with an overhead door. Downtown New Albany has been experiencing a revitalization with over 60 new businesses in downtown over the last few years. The location offers great access and visibility as you exit the ramp from Louisville on I-64. Safe, copy machine and entire Hawkeye security system to remain.
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Additional Details
| Nearest MSA: |
Louisville/Jefferson County |
| County: |
Floyd |
| Tax ID/APN: |
22-05-00-200-081.000-008 |
| Zoning: |
D, DOWNTOWN |
| Highway Access: |
Great access and visibility as you exit the ramp from Louisville on I-64. |
| Total Number of Buildings: |
1 |
| Number of Stories: |
2 |
| Typical SF / Floor: |
4,040 SF |
| Property Condition: |
Average |
| Year Built: |
1923 |
| Construction/Siding: |
Brick/Vinyl Siding |
| Parking Type: |
Surface |
| Parking Description: |
A second parcel is 0.0606 acre in size and currently used as on-site parking in support of Parcel 1. The site is paved and accessed via the public alley with room for 9 to 10 cars to park on-site. Street parking is also available on Pearl Street, Elm Street and a city parking lot located across the street. |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
11,373 |
82,618 |
182,226 |
| Median Age: |
34.57 |
36.4 |
36.59 |
| Households: |
4,787 |
33,817 |
75,894 |
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