UpTown 1637 E Market St 1400sf

Retail-Commercial for Lease
Also listed as Office
Catylist Listing ID: 30861060
Property Subtypes: Convenience Store, Restaurant, Street Retail
Contiguous Space: 1,400 SF
Building Size (RSF): 1,400 SF
Gross Building Area: See Agent
Lease Rate: $20 PSF (Annual)
Base Monthly Rent: $2,333
Lease Types: NNN
In Opportunity Zone? Yes
Building Name: Lancaster Lofts
Last Updated: 4/15/2024

Overview / Comments

Looking for a “NEW SPACE”, check out this place. Welcome to UpTown New Albany. Lancaster Lofts not only offers some great living spaces, but there is approximately 1400sf of potential retail, office or café style tenants. Currently unfinished as wide open space for a wide open plan. Bring your business here and enjoy a great corner presence, outdoor seating with City approval, 3-way liquor license district, high ceilings and ample street parking surrounds the entire area. The UpTown area has a growth future with more residential plans nearby, very walkable, lots of existing establishments such as event venues, churches, restaurants, various service businesses, salons, ice cream, pizza and the New Albany High School. And guess what? You may qualify for the Casino $50,000 3% loan for equipment and or capital improvements and it’s a very friendly application and most all are accepted. Call me to learn more. Lets meet at the space and bring your contractor or I can have someone help you.

Expand All Available Space

Suite: 1 1,400 SF $20 PSF (Annual) NNN
Space Available: 1,400 SF
Lease Rate: $20 PSF (Annual)
$2,333 (Monthly)
Lease Type: NNN
Space Description: 1 suite 1st florr vacant space ready for a build to suit
Date Available: 10/1/2023
Space Type: New

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Floyd
Tax ID/APN: 22-05-02-800-743.000-008
Zoning: MC- MIXED USE CORRIDOR COMMERCIAL
Retail Clientele: General, Family, Business
Property Located Between: Spring & Market Streets
Property Visibility: Excellent
Largest Nearby Street: Spring Street into New Albany
Highway Access: Easily can catch I-64 and I-265 and quick access to Louisville and all of Southern Indiana
Airports: Louisville International, Clark County Regional Airports
Site Description: This space is located on the corner at a stop-light on the 1st floor of the 3 story new apartment building in what is known locally as "UpTown" and is at the edge of Downtown. Open space and unfinished at this time. Waiting for you!
Area Description: UpTown has a history from decades ago. We are working to revive the UpTown interest and the City and local Main Street Organization are helping the effort. The City has continued their effort by acquiring property for Redevelopment. There have been new housing units built nearby, future housing planned and the area is becoming more walkable and a growing cycling presence as we connect to Downtown.
Total Number of Buildings: 1
Number of Stories: 3
Property Condition: Excellent
Year Built: 2022
Construction/Siding: Brick
Exterior Description: Nice looking brown brick with lighter town tan accent
Parking Type: Surface
Parking Description: City street parking surrounds the property. There is also private parking and there would need to be a discussion as to potential use as the residents also use the parking lot.
Sprinklers: Wet
Heat Type: Electricity, Natural Gas
Interior Description: Currently unfinished and awaiting your plan. Concrete floor, no drywall at this stage and no drop ceiling yet. We can get into the discussion of who does what and can draft up a Letter of Intent (LOI) to make sure both parties understand the expectations of one another as to how the space is delivered and the final rate may be.
Zoning Description: The Mixed-Use Corridor Commercial (MC) district is intended to accommodate a variety of Commercial and residential uses along the primary transportation corridors of the City. The mix of uses should create a high-quality pedestrian oriented environment within walking distance of local neighborhoods. This district provides a variety of neighborhood-oriented Commercial uses including small-scale shopping centers, supermarkets, bakeries, pharmacies, variety stores, restaurants, laundries and hardware stores. Residential uses are a Multifamily Building type. Mixed-Use Buildings are encouraged. Given the various uses and densities within and adjoining the district, new Development will need to be compatible with the adjacent uses.
Water Service: Municipal
Sewer Type: Municipal
Legal Description: P. 19 W 15' L. 36 E 19' L. 35

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,838 90,657 202,232
Median Age: 36.41 36.15 36.76
Households: 4,249 37,240 85,886

Contact

Photograph of Listing Agent

Michael A Kopp

RE/MAX FIRST KCREA Member
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