601-605 Silver Street, New Albany, IN 47150

Retail-Commercial for Sale
Also listed as Multi-Family
Catylist Listing ID: 30850869
Property Subtypes: Mixed Use, Other, General
Building Size (RSF): 2,515 SF
Gross Building Area: See Agent
Gross Land Area: 0.05 Acres
Sale Price: $234,000
Unit Price: $93.04 PSF
Property Use Type: Business
Sale Terms: Other
Cap Rate: Undisclosed
Last Updated: 4/16/2024

Overview / Comments

Check out this great commercial property! With having a history as a hair salon and a bakery makes this a great location for a business that requires foot traffic and visibility. Additionally, being situated on a corner lot with ample parking is a great advantage, as it can attract more customers and make accessibility easier for clients. The combination of retail space and warehouse space is also appealing. This could give you the flexibility to either run a retail business with storage capabilities or even consider leasing out part of the property to other businesses for additional income streams. sq ft is approximate if critical buyers should verify

Financials

Finance Data Year 2015
Real Estate Taxes - Annual($) $150 (Annual)
Tax Value Land $7,500
Tax Value Improvements $0
Assessed Value - Total($) $7,500 (Annual)
Finance Data Year 2013
Real Estate Taxes - Annual($) $1,480 (Annual)
Tax Value Land $7,500
Tax Value Improvements $66,500
Assessed Value - Total($) $74,000 (Annual)
Finance Data Year 2011
Real Estate Taxes - Annual($) $1,443 (Annual)
Tax Value Land $6,100
Tax Value Improvements $51,300
Assessed Value - Total($) $57,400 (Annual)

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Floyd
Tax ID/APN: 22-05-02-801-995.000-008
Zoning: TR/VL
Property Visibility: Good
Tenancy: Multiple Tenants
Legal Description: P 322 S 25' L 10 & E 20' L 11

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,601 81,267 200,887
Median Age: 37.4 37.28 37.11
Households: 5,121 33,108 85,525
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