Catylist ID:
#30832857
Newly Renovated Retail & Office Downtown NA
Retail-Commercial
for Lease
Also listed as Office
| Catylist Listing ID: | 30832857 |
| Property Subtypes: | Restaurant, Street Retail, Tavern/Bar/Nightclub |
| Contiguous Space: | 2,772 SF |
| Total Available: | 5,544 SF |
| Building Size (RSF): | 9,504 SF |
| Gross Building Area: | 12,276 SF |
| Lease Rate: |
$48,000 - 55,440 (Annual) $17.32 - 20 PSF (Annual) |
| Base Monthly Rent: | $4,000 - 4,620 |
| Lease Types: | Gross Lease, Other |
| In Opportunity Zone? | Yes |
| Usable Size (USF): | 12,276 SF |
| Last Updated: | 9/23/2023 |
Overview / Comments
|
FOR LEASE and FOR SALE- Located in Downtown New Albany is 213 Pearl St. New sprinkler system throughout to include the basement storage area, new electrical, new plumbing and new HVAC. Renovated 3rd floor is brand new space and ready for a Tenant. Owner may consider "Build To Suit" with agreed terms and conditions for office or apartments on 2nd floor. 1st floor, though currently occupied with a Tenant, has a termination clause that the Tenant or Owner may exercise if desired (ask Listing Agent for details). Downtown continues to grow with more proposed apartments, new restaurants, winery and breweries, Downtown and Riverfront events and activities, National Main Street Org is Develop New Albany helping to promote and preserve our Historic Downtown buildings, more City improvements that encourages walking pedestrian traffic. You and or your business may qualify for some incentives. The new City Hall has located in Downtown just feet away from 213 Pearl St. So, if you're looking to Live, Work and Play, this building is for you. Call me for a personal Downtown Tour that includes a walk-through of this property. |
Attachments & Media
Expand All 2 Spaces Available
| Suite: 2nd Floor | 2,772 SF | $20 PSF (Annual) Other |
| Suite: 3rd floor | 2,772 SF | $4,000 (Monthly) Gross Lease |
Additional Details
| Nearest MSA: | Louisville/Jefferson County |
| County: | Floyd |
| Tax ID/APN: | 22-05-00-200-317.000-008 |
| Zoning: | D- DOWNTOWN COMMERCIAL |
| Retail Clientele: | General, Family, Business, Traveler, Casino |
| Property Located Between: | Main at Market Streets |
| Property Visibility: | Excellent |
| Largest Nearby Street: | State and Spring Streets |
| Highway Access: | Immediate to I-64, I-265 and I-65. Just 5 minutes and you could cross the bridge and be in Downtown Louisville KY |
| Airports: | Louisville International, Clark County Regional Airports |
| Site Description: | Property is in the heart of Downtown New Albany. It sits in the middle of all of the restaurants, winery, breweries, boutique shops, professional services, all levels of government (Fed,State,County and City Offices) and some fantastic luxury apartment living plus some really nice loft, studio and 1, 2 or 3 Bedroom apartments. The Farmers Market tis hugely successful. The building has 2 address from history which is 213 & 215 Pearl St. It now shows 213 Pearl Street. |
| Area Description: | Downtown has experienced 15 years of great growth despite the pandemic. Some of the areas most pleasing architecture and history that you can imagine. Easy access to the riverfront and all of that activity. Downtown New Albany is truly An All American City with that small town feel. Jump across the bridge in 5 minutes for the bigger City activities if so desired. |
| Tenancy: | Multiple Tenants |
| Total Number of Buildings: | 1 |
| Number of Stories: | 3 |
| Typical SF / Floor: | 2,772 SF |
| Property Condition: | Excellent |
| Year Built: | 1892 |
| Year Renovated: | 2021 |
| Roof Type: | Other |
| Construction/Siding: | Brick |
| Exterior Description: | Newly rehabbed, tuck pointed, recut and restored limestone lintels, new windows and a very fresh new look that is restored original work. |
| Parking Type: | Other |
| Parking Description: | Street parking out front and plenty of free City parking just feet away. |
| Sprinklers: | Wet |
| Heat Type: | Natural Gas |
| Heat Source: | Central |
| Air Conditioning: | Engineered System |
| Interior Description: | The pictures reflect the historic appeal along with the new modern day materials, HVAC, carpet, flooring, lighting, paint and very tastefully finished. Finished spaces are all new and offer exposed brick with very nice restrooms. |
| Zoning Description: | D- Downtown Commercial offers a tremendous variety of uses that compliment the value of a historic Downtown. You are also in a TIF District, Historic District, Riverfront Redevelopment District which offers a 3-way liquor license for $1,000.00 and an Urban Enterprise Zone (UEZ). Various incentives apply if qualified. |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
| Legal Description: | P. 93 N 33.4' L. 12 TIF |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 10,959 | 83,070 | 191,514 |
| Median Age: | 37.13 | 36.32 | 36.61 |
| Households: | 4,665 | 33,991 | 79,805 |
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