Retail Downtown New Albany (Gross Rent)

Expired Retail-Commercial for Lease
Catylist Listing ID: 30041518
Property Subtypes: Restaurant, Street Retail, Tavern/Bar/Nightclub
Contiguous Space: 950 - 4,000 SF
Total Available: 3,390 SF
Gross Building Area: See Agent
Lease Rate: $14 PSF (Annual)
Base Monthly Rent: $1,108 - 4,666
Lease Types: Gross Lease
Expired On: 9/2/2017
Last Updated: 9/4/2017

Overview / Comments

Pay close attention to this lease rate as it is a "GROSS RENT" meaning it includes utilities (elec, gas sewer) property taxes and insurance. On top of that its located in Downtown New Albany which continues to grow as more new apartments area being filled, more retailers and restaurants open and more Downtown gets the attention of outside investors. All of this means more people, more foot traffic which is also good for business. There is opportunity for 950-4000 sf on the first floor, which has access on the Pearl Street entry side for the 950 sf or at the corner of E Main and Pearl, which is now at 2440 sf however a tenant could have the entire first floor of almost 4000 sf. This is a great space for retail or restaurant space on the first floor which is hard to find nowadays in an increasingly vibrant Downtown New Albany. There are 3 floors and the 2nd and 3rd are office tenants, it has an elevator, lobby area and restrooms on each floor. On a prominent corner at Pearl and East Main near the largest concentration of free public parking and there is street parking as well. come Downtown and enjoy the convenience of walking to retailers, restaurants, service businesses, government services for fed. state, county and city. This rate is for the space AS IS, however the Landlord is willing to upgrade and complete the build out or tenant finish with agreed terms and conditions. Need space? This is it!

Expand All 2 Spaces Available

Suite: 101 2,440 SF $14 PSF (Annual) Gross Lease
Suite: 103 950 SF $14 PSF (Annual) Gross Lease

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Floyd
Tax ID/APN: 22-05-00-200-196.000-008
Retail Clientele: General, Family, Business, Traveler, Tourist
Property Located Between: State & Bank St
Property Visibility: Excellent
Largest Nearby Street: State Street
Highway Access: Immediate to I-64, I-265 and I-65
Airports: Louisville International Airport and Clark County Airport (now expanding)
Site Description: Downtown Business District with plenty of downtown activity
Area Description: Growing Downtown New Albany has more shops, restaurants, winery breweries and much more. Very walkable to all of Downtown, near all levels of government for Federal, State, City and County services just 2 blocks away. Plenty of services for auto, banks and more
Total Number of Buildings: 1
Number of Stories: 3
Roof Type: Flat
Construction/Siding: Brick
Exterior Description: one of the more notable buildings in Downtown. Limestone, brick, ornate workings and craftsmanship of the period which is the very reason most people are drawn to Historical Downtowns across the country.
Parking Type: Surface
Parking Description: Free City street parking along all of the streets and this building is located just feet away from the largest City parking lot in all of Downtown with several hundred spaces.
Passenger Elevators: 1
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Interior Description: Though not the A space of todays modern build, it is very functional and serves well as very presentable office space for any operation.
Zoning Description: C-2 Downtown Commercial District. This allows for many service businesses, restaurants, retail and a host of operations consistent with the larger Downtowns in more major municipalities.
Water Service: Municipal
Sewer Type: Municipal
Legal Description: P. 93 W 37.25' S 78' E 185' W 55.75' S 82' L. 10 TIF

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,594 83,070 191,514
Median Age: 37.05 36.32 36.61
Households: 4,903 33,991 79,805


Photograph of Listing Agent

Michael A Kopp

REMAX FIRST Commercial Group ICREX Member
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