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.

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.

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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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