626-628 State St (Renovated in Downtown NA)

Retail-Commercial for Lease
Catylist Listing ID: 30737473
Property Subtypes: Free-Standing Building, Garden Center, Restaurant, Street Retail, Tavern/Bar/Nightclub, Vehicle Related
Contiguous Space: 4,388 - 10,000 SF
Total Available: 10,913 SF
Building Size (RSF): 25,500 SF
Gross Building Area: 26,812 SF
Gross Land Area: 1.77 Acres
Lease Rate: $14.50 PSF (Annual)
Base Monthly Rent: $5,302 - 7,884
Lease Types: NNN
In Opportunity Zone? Yes
Usable Size (USF): 26,812 SF
Last Updated: 1/17/2022

Overview / Comments

New Dollar General is NOW OPEN! DG signed a 20yr lease. Now available up to 10,000 SF in Downtown New Albany within the same center as the new Dollar General (12,500 SF). New tenant spaces are proposed at Tenant 3 (4388 SF) and Tenant 2 ( 6525 SF) or take it all at just over 10,000SF. Completed demo and now it has a new roof, HVAC, plumbing, electrical and mechanicals. Current layouts show with 2 additional tenants, however could be a single tenant. There is a dock being reworked and can potentially be accessible to multiple tenants. Great ceiling height, open floor space, more than ample private parking for the tenants in the center and public street parking is available as well. Frontage could be optional along State Street or Pearl Street. With an ever growing "Downtown" population the need for a grocery is even greater than before. New apartments just added with more planned, several casual independent restaurants, winery, brewers, museums, all levels of government offices are Downtown, financial services and other personal services are all Downtown. Plus you are 2 minutes and two blocks from the Ohio River Front and the Sherman Minton Bridge which helps draw customers from Louisville. Zoning allows for restaurants, retail, office, medical, service business and more. Ask about potential for $20psf TI allowance.

Expand All 2 Spaces Available

Suite: Tenant 2- 626 State St 6,525 SF $14.50 PSF (Annual) NNN
Suite: Tenant 3- 628 State St 4,388 SF $14.50 PSF (Annual) NNN

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Floyd
Tax ID/APN: 22-05-03-500-351.000-008
Retail Clientele: General, Family, Business
Property Located Between: Oak & Cherry Street
Property Visibility: Excellent
Largest Nearby Street: Sate and Spring Street
Highway Access: Immediate access to I-64, I-265 and I-65. 2-8 minutes to all bridges to Louisville Ky from the East End to the West End and Downtown Louisville.
Airports: Louisville International, Clark County Regional Airports
Site Description: Located in Downtown New Albany, sits on 1.77ac, plenty of parking, under renovation, will consider build to suit or bring your own contracto and there may be an allowance available. Back of building at dock area is elevated at street level.
Area Description: Downtown New Albany has seen 15 years of strong growth, massive renovation of most all of the historic buildings within the 10 block area of the cities greatest architecture.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 1952
Year Renovated: 2021
Roof Type: Flat
Construction/Siding: Block, Stucco
Exterior Description: New look, new materials, paint will be added upon signing new tenants. The majority is concrete block, with docks in the rear, covered walkway for a portion of the corner building, ample private parking, some street parking out front.
Parking Type: Surface
Parking Description: Private parking lot, flat, asphalt multiple exits onto 3 streets, State Street, Oak Street and Pearl Street.
Sprinklers: Wet
Heat Type: Natural Gas
Heat Source: Ceiling Units
Air Conditioning: Engineered System
Interior Description: Typical for open space retail, office, grocery, medical and a host of various operations per allowed zoning. High ceilings of about 14-15 ft, concrete floor, support columns at about 20ft. Space is currently under renovation and all previous interior walls have been removed and will be newly built as tenants arrive with their preferred finish. Build to Suit or bring your own Contractor.
Zoning Description: Downtown Commercial- The Downtown (D) district is intended for the expansion of residential, employment, Governmental, and recreational Uses currently found within the downtown area to continue its revitalization and create a high-quality pedestrianoriented environment. Commercial uses, office space, residential uses, and compatible light industrial uses are appropriate in this district.
In Flood Plain?: Yes
Water Service: Municipal
Sewer Type: Municipal
Legal Description: P 122 L 14, 5, 6 & 46 1' L 4;W 1/2 L 7-8-9;S 154 L 16#80600-10; S 35' OF N 40'L 16 #17 (22-05-03-500-192.000-008) * This is the main parcel

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,326 77,390 178,051
Median Age: 34.95 36.83 36.56
Households: 4,769 31,728 73,976


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