Auction - Development Land on State Street, New Albany, IN

Vacant Land for Sale
Catylist Listing ID: 30844086
Property Subtypes: Hospitality, Office, Residential (Single Family), Retail, Retail-Pad, Self Storage
Gross Land Area: 2.31 Acres
Sale Price: See Agent
Sale Terms: Cash to Seller
Auction Type: Disclosed Reserve
Auction Reserve Amount: 750,000
Auction License Number: AU11200025
Cap Rate: Undisclosed
Last Updated: 5/26/2023

Overview / Comments

Sells to the Highest Bidder Above $750,000!
Bid online between Monday, June 19th and Thursday, June 22nd.
This are of New Albany, Indiana is experiencing an unprecedented development boom. New and surrounding retailers include, Chipotle and Panera which sit right in front of this property. A new Target store and Home Depot are neighbors to the north. Also a new Kroger Grocery is across the street, and this list of retailers barely scratch the surface of new retails popping up on State Street.
We are selling 2.31 acres of development land. There is currently a single family home on the property but we expect the new owner will rezone the property and raise the home for commercial development.
Click on the "View Auction Website" to register to bid.

Development Land Online Published Reserve Auction
June 19th - June 22nd
Sells to the Highest Bidder Above $750,000
2.31 Acres
In the Heart of Tremendous Growth Along State Street

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Floyd
Tax ID/APN: 22-05-02-700-368.000-008
Property Located Between: State Street & Woodbine Lane
Property Visibility: Fair
Largest Nearby Street: State Street
Available Utilities: Water, Sewer

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,545 52,462 144,936
Median Age: 35.32 37.83 37.51
Households: 3,657 21,769 59,362
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