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400-402 E Market St 17,121 SF 100% Leased Industrial Building New Albany, IN 47150 $1,300,000 ($75.93/SF) 5.50% Cap Rate
Investment Highlights
- High visibility lot at Ohio River Scenic Bypass and E Market St.
- Great Showroom,
- Ample Parking.
Executive Summary
Building for Sale in downtown New Albany! 100% leased with 2 long-term tenants.
Property Facts
| Price | $1,300,000 | Lot Size | 0.61 AC |
| Price Per SF | $75.93 | Rentable Building Area | 17,121 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 5.50% | Year Built | 1960 |
| Property Type | Industrial | Parking Ratio | 1.05/1,000 SF |
| Property Subtype | Showroom | No. Drive In / Grade-Level Doors | 1 |
| Building Class | C | Opportunity Zone |
Yes
|
| Zoning | C-2 - Downtown business district | ||
| Price | $1,300,000 |
| Price Per SF | $75.93 |
| Sale Type | Investment |
| Cap Rate | 5.50% |
| Property Type | Industrial |
| Property Subtype | Showroom |
| Building Class | C |
| Lot Size | 0.61 AC |
| Rentable Building Area | 17,121 SF |
| No. Stories | 1 |
| Year Built | 1960 |
| Parking Ratio | 1.05/1,000 SF |
| No. Drive In / Grade-Level Doors | 1 |
| Opportunity Zone |
Yes |
| Zoning | C-2 - Downtown business district |
Utilities
- Lighting
- Gas
- Water
- Sewer
- Heating
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Minimal public transit
10/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 22-05-00-200-706.000-008 | Improvements Assessment | $250,900 |
| Land Assessment | $99,600 | Total Assessment | $350,500 |
Property Taxes
Parcel Number
22-05-00-200-706.000-008
Land Assessment
$99,600
Improvements Assessment
$250,900
Total Assessment
$350,500
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400-402 E Market St
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