203 E Main St - Flex FOR SALE


New Albany, IN 47150- Downtown New Albany
$839,900 USD
502-314-6748
203 E Main St, New Albany, IN for Sale
$839,900 USD
Flex - FOR SALE
1/36
null | Request Cap Rate

203 E Main St
New Albany, IN 47150
Downtown New Albany


HIGHLIGHTS

  • Greek Revival, Doric Columns, Constructed in 1837 of local sandstone and designed originally as a bank. On the Historic Register
  • First Floor feels like a bright and open ballroom
  • Second floor is a unique oval shaped room with complementary tray ceiling, crowned with a magnificent oval and domed skylight - So Pretty!
  • Handicap assessible entry and elevator
  • Commercial bathrooms, some restaurant plumbing fixtures
  • On the busy corner of Main and Bank Streets in Historic Downtown New Albany

OVERVIEW

Step into history and make your mark as the next steward of one of New Albany's oldest commercial buildings. Known locally as The Parthenon, this majestic Greek Revival, sandstone structure, originally home to Second State Bank of Indiana, awaits a visionary ready to breathe new life into its storied walls. The moment you approach, the grandeur of its Main Street entrance captures attention. Behind an ornate wrought-iron fence, a monumental staircase leads through four stately Doric columns, welcoming you onto a wide landing. It’s a striking introduction, setting the stage for what’s to come. Step inside, and the building’s splendor unfolds. The main level boasts a grand ballroom flooded with natural light—an elegant space that has hosted everything from glamorous events to theatrical performances and fine dining experiences. The towering historic windows, a stately double entry door, and rich wood floors reflect the sunshine during the day and shimmer under the stars at night. And who wouldn’t be intrigued by the original bank vault? The intrigue alone sparks endless ideas for its next chapter. The real magic happens upstairs. Here, the unique oval shape of the room is complemented by a breathtaking oval and domed skylight that stretches high into the heavens above. Whether bathed in the soft light of day or illuminated by the stars, this room exudes drama and elegance, leaving a lasting impression. A historic fireplace enhances the charm of a formal sitting room, perfect for intimate a private office or conference room. With plumbing and commercial bathrooms already in place, the second floor is primed for any number of creative ventures. Your imagination is the only limit. Picture an elegant department store beneath the grand skylight, showcasing your own exclusive designs. Perhaps a design studio with a retail space below, where fashion, furniture, or textiles come to life. Or, if the visual arts are your passion, transform the space into a natural-light drenched studio and gallery. For the performing arts, this building is a canvas—maybe a multi-purpose space for music, dance, or theater to thrive once again. Once home to the American Red Cross, this building also has the bones for a traditional business, offering a unique environment where innovation meets history. Whether you’re dreaming of a retail boutique or a corporate office, the flexible layout can accommodate any enterprise. Handicap accessible and brimming with potential, this one-of-a-kind building stands ready for a new chapter. Bring your vision to life and take New Albany another step into its bright future. The past is waiting, and the future is yours to shape!

FOR SALE DETAILS

PRICE

$839,900 USD

PRICE/SF

$141 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

The Parthenon Building

PROPERTY TYPE

Flex

ADD'L SUBTYPES

undefined, Freestanding, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1837

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12

LAND SF

5,227

ZONING

Downtown New Albany

APN/PARCEL ID

22-05-00-200-289.000-008

ASK ABOUT THIS PROPERTY

Paul KigerRE/Max AdvantageMore Info
502-314-6748

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Paul KigerRE/Max AdvantageMore Info
502-314-6748

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