Office Space + Apartments

Office for Sale
Sale Pending
Catylist Listing ID: 30864739
Property Subtypes: Office Building
Status: Pending
Building Size (RSF): 3,880 SF
Gross Building Area: See Agent
Sale Price: $450,000
Unit Price: $115.98 PSF
Property Use Type: Investment, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 2/13/2024

Overview / Comments

Built in 1840, the Old Pike Inn stands at 941 State Street, an important road in New Albany's early history. Originally called the New Albany-Vincennes Road, it followed the path of the Buffalo Trace, a series of buffalo trails used by the early settlers, and became an important corridor for overland trade. This property has been meticulously renovated into two office spaces and three apartments fully occupied. Old Pike Inn is listed on the National Register of Historic Places. There are 3 HVAC systems, a new roof in 2023, new carpet and paint in two apartments in 2022. All leases are month to month. There's an abundance of parking in the off-street parking lot plus spaces behind the building that provide plenty of parking for the tenants and the public. The property is zoned Mixed Use Corridor Commercial. Profit & Loss Statement available to qualified buyers. This is a rare opportunity to own a profitable piece of history with apx. 4000 sq. ft. of leasable space. Call the list agent for additional details. Sq ft approx.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Floyd
Tax ID/APN: 22-05-03-401-605.002-008
Zoning: COMMERCIAL

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,733 70,736 171,555
Median Age: 35.49 36.75 36.84
Households: 4,899 29,019 71,164
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