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2601 Charlestown Rd 2,836 SF Retail Building New Albany, IN 47150 $495,000 ($174.54/SF)
Investment Highlights
- Located in a federally designated Opportunity Zone
- Surrounded by dense residential and retail
- High-traffic corridor with strong visibility
- Ideal for restaurant, retail, or medical conversion
Executive Summary
Former 2,836sf fast food restaurant (Wendy's then Hardee's) on 2 parcels = 1.02 acres with 50 parking spaces. Extra lot could be developed for an additional business. Some used equipment remains + walk-in cooler (condition unknown).
Property Facts Under Contract
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
2,836 SF
Building Class
C
Year Built
1979
Price
$495,000
Price Per SF
$174.54
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.69 AC
Zoning
MC and MDR - MC (MIXED USE CORRIDOR COMMERCIAL) AND MDR (MIXED DENSITY RESIDENTIAL)
Parking
49 Spaces (18.65 Spaces per 1,000 SF Leased)
Frontage
112’ on Charlestown Rd
Amenities
- Freeway Visibility
- Pylon Sign
- Drive Thru
Nearby Major Retailers
Property Taxes
| Parcel Number | 22-05-04-300-236.000-008 | Improvements Assessment | $93,000 |
| Land Assessment | $117,900 | Total Assessment | $210,900 |
Property Taxes
Parcel Number
22-05-04-300-236.000-008
Land Assessment
$117,900
Improvements Assessment
$93,000
Total Assessment
$210,900
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2601 Charlestown Rd
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