Investor Opportunity-Downtown New Albany

Special Purpose for Sale
Sale Pending
Catylist Listing ID: 30855866
Status: Pending
Building Size (RSF): 3,360 SF
Gross Building Area: See Agent
Sale Price: $219,000
In Opportunity Zone? Yes
Property Use Type: Investment, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/20/2023

Overview / Comments

Investor Renovation Opportunity – Downtown New Albany!
Turn this property into a thriving investment! This building is brimming with potential and is ready for a visionary investor. With renovation, this property offers various flexibility. Live on the 2nd and 3rd floors while operating your own business on the 1st floor, or rent it out to a café or retail shop. The 1st floor has two separate entrances for maximum accessibility. The 2nd and 3rd floors can also be utilized as an Airbnb or short-term rental, providing an additional income. Parking located in the back of the building. Located in the heart of downtown New Albany, steps away from various restaurants and shopping, brewery, boutique shops, bakery, coffee shop and professional services. Tenants or customers will love the convenience!

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Floyd
Tax ID/APN: 22-05-00-200-319.000-008
Zoning: C-1
Property Visibility: Excellent
Total Number of Buildings: 1
Year Built: 1919
Roof Type: Other
Construction/Siding: Brick
Parking Type: Surface

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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


Photograph of Listing Agent

John Rendeiro

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