AdventuREalty
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$2,850,000624 State Street, New Albany, IN 47150
0 sqft1.337 acres

About this home

Excellent commercial investment opportunity offering three solid leases, $220,000 in annual net operating income, and an asking price reflecting a nearly 8% capitalization rate. Situated on a corner lot in a high-traffic area, this property features strong visibility and ample parking. The lease portfolio includes Dollar General with five years remaining, national tenant Bumper to Bumper, and a master lease guaranteed by the current owner for five years. Investors also have the opportunity to place their own tenant in the master-leased space at a higher rental rate, creating potential for increased income and long-term value. An attractive combination of established tenants, income stability, and leasing upside. All lease details are on file and are available upon request

Highlights

Property TypeRetail
Year Built1949
Lot Size1.337 acres
CountyFloyd
Listing ID2026011996

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Listing courtesy of Missie Hayden, BHG Realty

Listing information is provided by the Southern Indiana REALTORS® Association (SIRA) MLS via Trestle and is believed accurate but not guaranteed. Listings may be held by a brokerage other than AdventuREalty.