1125 State St - Fast Food FOR SALE


New Albany, IN 47150
$350,000 USD
502-475-3968
1125 State St, New Albany, IN for Sale
$350,000 USD
Fast Food - FOR SALE
1/8
null | Request Cap Rate

1125 State St
New Albany, IN 47150


OVERVIEW

Positioned along highly visible State Street in New Albany, 1125 State Street presents an exceptional opportunity for an owner-user, investor, or entrepreneur seeking an established commercial location with a proven history of restaurant and retail use. Formerly home to Dock Seafood, this property offers approximately 2,232 square feet of commercial space on approximately 0.50 acres, with roughly 170 feet of frontage along State Street and approximately 25 parking spaces. The property is currently configured for restaurant/fast-food use, providing an excellent foundation for a new restaurant, café, carryout concept, retail operation, service business, or other commercial venture. The location provides convenient access to Downtown New Albany, Floyd County Hospital, Interstate 64, and Interstate 265, placing the property within a well-established commercial corridor with strong connectivity throughout Southern Indiana and the greater Louisville metropolitan area. The former Dock Seafood operation gives the property valuable recognition within the local market, while its existing layout and commercial infrastructure offer the potential to significantly reduce the time and expense associated with launching a new business. Approximately 2,232 SF commercial building Approximately 0.50-acre lot Approximately 170' State Street frontage Approximately 25 parking spaces Former Dock Seafood restaurant Restaurant/retail configuration Excellent visibility and accessibility Convenient to Downtown New Albany Quick access to I-64 and I-265 Ideal owner-user or investment opportunity

FOR SALE DETAILS

PRICE

$350,000 USD

PRICE/SF

$157 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1955

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.5 AC

LAND SF

21,780 SF

ZONING

C

APN/PARCEL ID

22-05-03-401-752.000-008

ASK ABOUT THIS PROPERTY

William KramerJPAR AspireMore Info
502-475-3968

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William KramerJPAR AspireMore Info
502-475-3968

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.