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1125 State St
New Albany, IN 47150
Retail Property For Sale


Executive Summary
Positioned along highly visible State Street in New Albany, 1125 State Street presents an exceptional opportunity for an owner-user, investor, or entrepreneur seeking an established commercial location with a proven history of restaurant and retail use. Formerly home to Dock Seafood, this property offers approximately 2,232 square feet of commercial space on approximately 0.50 acres, with roughly 170 feet of frontage along State Street and approximately 25 parking spaces. The property is currently configured for restaurant/fast-food use, providing an excellent foundation for a new restaurant, café, carryout concept, retail operation, service business, or other commercial venture. The location provides convenient access to Downtown New Albany, Floyd County Hospital, Interstate 64, and Interstate 265, placing the property within a well-established commercial corridor with strong connectivity throughout Southern Indiana and the greater Louisville metropolitan area. The former Dock Seafood operation gives the property valuable recognition within the local market, while its existing layout and commercial infrastructure offer the potential to significantly reduce the time and expense associated with launching a new business.
Approximately 2,232 SF commercial building
Approximately 0.50-acre lot
Approximately 170' State Street frontage
Approximately 25 parking spaces
Former Dock Seafood restaurant
Restaurant/retail configuration
Excellent visibility and accessibility
Convenient to Downtown New Albany
Quick access to I-64 and I-265
Ideal owner-user or investment opportunity
Approximately 2,232 SF commercial building
Approximately 0.50-acre lot
Approximately 170' State Street frontage
Approximately 25 parking spaces
Former Dock Seafood restaurant
Restaurant/retail configuration
Excellent visibility and accessibility
Convenient to Downtown New Albany
Quick access to I-64 and I-265
Ideal owner-user or investment opportunity
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,232 SF
Building Class
C
Year Built
1955
Price
$350,000
Price Per SF
$156.81
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.50 AC
Zoning
C - Commercial
Parking
25 Spaces (11.2 Spaces per 1,000 SF Leased)
Frontage
170’ on State St
Amenities
- Pylon Sign
Property Taxes
| Parcel Number | 22-05-03-401-752.000-008 | Improvements Assessment | $90,300 |
| Land Assessment | $93,700 | Total Assessment | $184,000 |
Property Taxes
Parcel Number
22-05-03-401-752.000-008
Land Assessment
$93,700
Improvements Assessment
$90,300
Total Assessment
$184,000
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