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: 5/27/2024

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.

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

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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

Contact

Photograph of Listing Agent

Michael A Kopp

RE/MAX FIRST KCREA Member
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