1501 E Spring Street, New Albany, IN 47150

Retail-Commercial for Sale
Catylist Listing ID: 30850866
Property Subtypes: Vehicle Related, Other
Building Size (RSF): 442 SF
Gross Land Area: 8,494 SF
Sale Price: $289,000
Unit Price: $653.85 PSF
In Opportunity Zone? Yes
Property Use Type: Investment, Business
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Last Updated: 4/9/2024

Overview / Comments

LOCATION! LOCATION! LOCATION! Seller will allow Owner Financing. Established Buy Here/Pay Here Car Lot business serving the Downtown New Albany and surrounding areas. Specializing in the sales of used vehicles. This prime corner car lot presents an exceptional opportunity to continue to establish your automotive business in a high-visibility location. With ample space for showcasing vehicles. Conveniently accessible from major highways and main roads, this car lot ensures your customers can easily find you. Whether you're an established car dealer or an aspiring entrepreneur, this car lot offers the flexibility to create a brand that stands out. Opportunities like this are rare and highly sought after! This would be a great location for another car lot or adding some apartments! sq. ft. is approximate if critical buyers should verify.

Financials

Finance Data Year 2015
Real Estate Taxes - Annual($) $1,441 (Annual)
Tax Value Land $33,000
Tax Value Improvements $18,600
Assessed Value - Total($) $51,600 (Annual)
Finance Data Year 2013
Real Estate Taxes - Annual($) $1,537 (Annual)
Tax Value Land $33,000
Tax Value Improvements $23,200
Assessed Value - Total($) $56,200 (Annual)
Finance Data Year 2011
Real Estate Taxes - Annual($) $1,430 (Annual)
Tax Value Land $34,800
Tax Value Improvements $22,100
Assessed Value - Total($) $56,900 (Annual)

Additional Details

Nearest MSA: Louisville-Jefferson County
County: Floyd
Tax ID/APN: 22-05-02-800-713.000-008
Zoning: MC
Retail Clientele: General, Business
Property Visibility: Excellent
Total Number of Buildings: 1
Number of Stories: 1
Legal Description: P 13 L 76 UP SPRING

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,007 85,653 197,894
Median Age: 34.25 35.98 36.89
Households: 5,080 34,707 83,489
© Copyright 2024 Moody's. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Kentucky Commercial Real Estate Alliance nor Moody's assume any liability for errors or omissions.