Office + 3 residential units + 2 garages in New Albany

Office for Sale
Catylist Listing ID: 30474852
Property Subtypes: Office Building, Other
Building Size (RSF): 2,580 SF
Gross Land Area: 6,460 SF
Sale Price: $179,000
Unit Price: $69.38 PSF
In Opportunity Zone? Yes
Property Use Type: Investment, Vacant/Owner-User
Class of Space: Class C
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/16/2020

Overview / Comments

Office + 3 residential units + 2 garage bays. Current rental income is approx. $2,650 monthly (landlord pays all utilities/see broker for approx. expenses); office currently used by a real estate appraisal company. Well maintained property with several recent updates (see listing broker); located at NW corner of E Spring and E 15th Streets. Detached garage has one residential rental unit + 2 bays for car storage (approx. 1,000 sf that also includes a 10' door at rear of the garage). Seller is a licensed Indiana real estate broker.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Floyd
Tax ID/APN: 22-05-02-800-705.000-008
Property Visibility: Good
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1929
Heat Type: Natural Gas
Heat Source: Central, Other
Air Conditioning: Package Unit, Other
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,682 86,925 198,483
Median Age: 34.72 36.14 36.88
Households: 5,408 35,269 83,769
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