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427-525 S Memorial Dr
New Castle, IN 47362
Retail Property For Sale


Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
91,648 SF
Building Class
C
Year Built/Renovated
1965/1987
Price
$8,000,000
Price Per SF
$87.29
Cap Rate
7.05%
NOI
$564,154
Percent Leased
93%
Tenancy
Multiple
Building Height
1 Story
Slab To Slab
15’
Building FAR
0.15
Lot Size
13.60 AC
Zoning
Commercial - General commercial zoning for various business activities.
Parking
569 Spaces (4.99 Spaces per 1,000 SF Leased)
Frontage
806’ on S Memorial Dr
Amenities
- Pylon Sign
- Signage
- Tenant Controlled HVAC
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
Property Taxes
| Parcel Number | 33-12-15-110-115.000-016 | Improvements Assessment | $1,432,900 |
| Land Assessment | $1,012,400 | Total Assessment | $2,445,300 |
Property Taxes
Parcel Number
33-12-15-110-115.000-016
Land Assessment
$1,012,400
Improvements Assessment
$1,432,900
Total Assessment
$2,445,300
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