Log In/Sign Up
Your email has been sent.
2241-2243 State St 9,000 SF 100% Leased Retail Building New Albany, IN 47150 For Sale
Investment Highlights
- Strategic State Street Location
- Located within a regional trade area
- State Street ADT: 27,438
- Established multi-tenant retail center
- High-visibility neighborhood retail asset
Executive Summary
Cushman & Wakefield | Commercial Kentucky is pleased to offer 2241–2243 State Street, a fully occupied three-tenant retail investment opportunity located at one of New Albany, Indiana's premier retail intersections. Positioned within a dominant retail corridor, the property is surrounded by national retailers and benefits from exceptional visibility, strong traffic counts, and an established consumer base.
The asset delivers immediate, stable cash flow with long-term upside through below-market in-place rents, providing investors with the opportunity to increase income as leases renew. Combining a prime location, quality tenancy, and value-add potential, this offering presents an exceptional opportunity to acquire a high-quality retail investment in one of Southern Indiana's strongest retail markets.
The asset delivers immediate, stable cash flow with long-term upside through below-market in-place rents, providing investors with the opportunity to increase income as leases renew. Combining a prime location, quality tenancy, and value-add potential, this offering presents an exceptional opportunity to acquire a high-quality retail investment in one of Southern Indiana's strongest retail markets.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
9,000 SF
Building Class
C
Year Built
1996
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.17
Lot Size
1.20 AC
Zoning
HC - Highway Commercial District
Parking
25 Spaces (2.78 Spaces per 1,000 SF Leased)
Frontage
155’ on State St
Amenities
- Freeway Visibility
- Pylon Sign
- Signage
- Signalized Intersection
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
Moderately walkable
60/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 22-05-02-700-382.000-008 | Improvements Assessment | $194,000 |
| Land Assessment | $345,500 | Total Assessment | $539,500 |
Property Taxes
Parcel Number
22-05-02-700-382.000-008
Land Assessment
$345,500
Improvements Assessment
$194,000
Total Assessment
$539,500
1 of 4
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
2241-2243 State St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.