1604 State St - Office FOR SALE


New Albany, IN 47150
$900,000 USD
502-797-7808
1604 State St, New Albany, IN for Sale
$900,000 USD
Office - FOR SALE
1/26
null | Request Cap Rate

1604 State St
New Albany, IN 47150


HIGHLIGHTS

  • Renovated & Move-In Ready: Completely updated with modern finishes throughout.
  • Flexible Use: Perfect for businesses looking for medical office space, residential care, or a mixed-use operation.
  • Growth Potential: Positioned in an area with increasing commercial activity, making it a solid investment for long-term gains.

OVERVIEW

Description Take advantage of this completely renovated, free-standing building located in a rapidly developing commercial district, ideal for a wide range of uses including medical housing, office space, or even residential accommodations. With excellent visibility and signage, this property is sure to make an impact in a growing community. Property Features: Flexible Space: Currently set up for short- or long-term patient housing, but easily adaptable to office, medical, or other commercial uses. Spacious Layout: The building includes 6-7 bedrooms, 3 full bathrooms, a full kitchen, laundry facilities, and a dining hall perfect for communal gatherings. Recreational & Wellness Areas: Enjoy a game room for relaxation, as well as a salon space that could serve multiple purposes. Fully Furnished: The property comes fully furnished, with furniture negotiable as part of the sale. Prime Location: Situated in a TIF district, this property is surrounded by thriving commercial development, ensuring future growth and increased visibility. Saint Edwards Hospital is only .4 miles from property and Floyd Memorial Hospital (also known as Baptist Health Floyd) is only 1.2 miles away. Nearby Amenities: Major retailers like Target, Home Depot, Chipotle, and Panera are all just moments away, offering a convenient location for staff, visitors, or tenants. Why This Property? Renovated & Move-In Ready: Completely updated with modern finishes throughout. Flexible Use: Perfect for businesses looking for medical office space, residential care, or a mixed-use operation. Growth Potential: Positioned in an area with increasing commercial activity, making it a solid investment for long-term gains.

FOR SALE DETAILS

PRICE

$900,000 USD

PRICE/SF

$301 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

ADD'L SUBTYPES

Medical, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1972

SPRINKLERS

-

PARKING SPACES

13

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,658 SF

ZONING

C-1

APN/PARCEL ID

22-05-03-400-128.000-008

ASK ABOUT THIS PROPERTY

Latonia IsenbergSemonin RealtorsMore Info
502-797-7808

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Latonia IsenbergSemonin RealtorsMore Info
502-797-7808

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