State Street Investment Property

Retail-Commercial for Sale
Catylist Listing ID: 30827469
Property Subtypes: Free-Standing Building, Mixed Use, Street Retail, Other
Building Size (RSF): 6,400 SF
Gross Building Area: See Agent
Sale Price: $800,000
Unit Price: $125 PSF
In Opportunity Zone? Yes
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/16/2023

Overview / Comments

This building speaks for itself. Located in the heart of Downtown New Albany, this is the perfect opportunity. The first floor is around 3,100 with exposed brick, two bathrooms, three separate offices, and more.
The first floor is lease until 2025 and the second floor is leased until 2026.
Additional 3300 SF Basement Storage.
Gross Annual Rental Income $64,536.

Attachments & Media

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Floyd
Taxing Authority: New Albany
Tax ID/APN: 22-05-00-200-197.000-008
Zoning: C-2
Retail Clientele: General, Recreation, Other
Property Located Between: Pearl and Bank
Property Visibility: Excellent
Largest Nearby Street: State
Highway Access: Access to I65 and I64
Airports: Louisville International Airport/Clark County Airport
Site Description: Situated directly across from public parking, Coffee Crossing, and the newly developed City Hall.
Area Description: Walking distance to breweries, wineries, restaurants, bars and more. New Albany is exploding with new opportunity.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 3
Typical SF / Floor: 3,000 SF
Property Condition: Good
Year Built: 1919
Roof Type: Flat
Construction/Siding: Brick
Exterior Description: Large windows and in the Historical District, this building fits right in the downtown area.
Parking Type: Surface
Parking Description: Street Parking and Directly Across from Free Public Parking.
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,228 83,070 195,397
Median Age: 36.94 36.32 36.71
Households: 5,190 33,991 81,737


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