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.
|
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 |
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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The information presented herein is provided as is, without warranty of any kind.
Neither Kentucky Commercial Real Estate Alliance nor
Moody's assume any liability for errors or omissions.
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