624 State Street New Albany, IN
$ 13
Property Attributes
  • MLS#202108109
  • TypeCom Lease
  • CountyFLOYD
  • CityNew Albany
  • AreaNew Albany
  • Zip47150
  • StyleBusiness
  • Year Built1952
  • Taxes$ 16519
  • Price$ 13
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
Listing Provided Courtesy Of:
Mike Kopp with RE/MAX FIRST-Commercial Group
Data Source:
Southern Indiana REALTORS® Association (SIRA) - 182 - IN
Property Description

New owner of the former Save A Lot at 624 State Street in Downtown New Albany is completely renovating the entire building for multiple tenants. New roof, new electrical, new HVAC and plumbing. Proposed facade changes and elevation will soon be underway. We now have a National Brand tenant that has signed a 20 year lease for 12,500sf. There is approximately 10,000sf of available space remaining that may be configured for as little as 2000sf or upto 10,000sf. We have layouts that could accommodate 2-3 tenants depending on tenant needs. We have 2 layouts offering frontage along either the State Street or the Pearl Street side allowing either as your main entry. There is a dock that can be accessible to all tenants. Great ceiling height, open floor space, more than ample private parking for the tenants in the center and public street parking as well. With an ever growing "Downtown" population the need for a grocery is even greater than before. The City has offered potential incentives specifically for a grocery with qualifying interest. Zoning allows for restaurants, retail, office, medical, service business and more. Ask about the $20psf TI allowance at a lease rate of $14.50psf NNN.

Price History
5/28/2021 Listed $13

General Features

Additional Parcels Description see agent remarks multi parcels
Business Type Restaurant
Current Use Medical/Dental
Leasable Area 26000
Listing Agent State License RB14037481
Property Sub Type Additional Business, Office, Retail
Property SubType Business
Property Type Commercial Lease
PropertyCondition Resale, Under Renovation
Status Active
Township New Albany
Virtual Tour

Exterior Features

Lot Size Units Acres
Total Parking 110


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Com Lease Average in 47150

AVG $13,952
AVG 40
Year Built
AVG 1973
AVG 51
Data Provided by Walkscore ® not using MLS data

Looking for a more comfortable experience?

Download our mobile app for a personalized browsing experience.