Warehouse & Office- For Sale

Industrial for Sale
Sale Pending/Contingent
Catylist Listing ID: 29949700
Property Subtypes: Free-Standing, Industrial-Business Park, Manufacturing, Light Industrial, Research & Development, Self Storage, Warehouse/Distribution
Status: Pending/Contingent
Building Size (RSF): 11,576 SF
Sale Price: $400,000
Unit Price: $34.55 PSF
Property Use Type: Vacant/Owner-User
Building Name: 1736 E Main Street New Albany
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 12/15/2017

Overview / Comments

1736 E Main Street (3 parcels) is located near downtown and easy access form several avenues. This building offers several nice size offices and a fantastic warehouse space with a mix of about 7500sf as warehouse and 3900sf as office. The warehouse has several drive in bay doors from alley access. There are about 52 private parking spaces. Zoned I-1a Light Industrial. Previous uses have included a sound recording studio and prior to that a fire, wind and water damage service business. Could serve as 2-3 separate spaces to lease out to other tenants. Has office and warehouse and is currently adjoined, but could easily be separated at one opening between buildings. There is a fenced outdoor storage area too! This is also near E Main St and Vincennes Street where the City of New Albany has just purchased property for proposed redevelopment. The former Tommy Lancasters and the Market Boy Grocery have been demolished with anticipated redevelopment. Give ma a call and lets go check it out.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Floyd
Tax ID/APN: 220502800036000008
Zoning: I-1A LIGHT INDUSTRIAL
Property Located Between: Vincennes Street & 18th Street
Highway Access: Easy access to all interstate highway systems
Airports: Louisville International and Clark County Regional Airport
Site Description: Corner lot, fenced area for outdoor storage, bay doors accessed from alley, several options for entry for employees or customers, plenty of parking on each side of the building.
Area Description: Easily accessible, setting is near a mix of some residential but mostly light and medium industrial along with some manufacturing and service oriented businesses.
Tenancy: Multiple Tenants
Number of Stories: 1
Property Condition: Good
Year Renovated: 2011
Roof Type: Flat
Construction/Siding: Block, HardiePlank Siding
Parking Type: Surface
Parking Description: Paring on each side of the building and you can use the fenced in lot as well. Free street parking available too.,
Total Parking Spaces: 52
Interior Description: Offices are standard, kitchenette is centrally located, restrooms in the lobby area, warehouse and in the middle as well. Celing height is the highest in the portion where the bay doors are and it varies throughout the remaining areas.
Zoning Description: I-1a is Light Industrial. For permitted uses you should contact the City of New Albany Planning and Zoning Department.
Water Service: Municipal
Sewer Type: Municipal
Legal Description: P 2; L.11 & R 1/2 L 21 & L 20 & E 6' L 25-26-27 #59 (22-05-02-800-034.000-008) & L 12 & E 1/2 L 21 #60 (22-05-02-800-036.000-008) 3rd parcel is 22-05-02-800-040.000-008

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,562 95,073 206,967
Median Age: 36.33 36.49 36.74
Households: 3,767 39,174 87,993
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