New Albany, IN Conventional restaurants for Rent & Lease

Updated: Jan 12

Restaurant Space with Loft Office

1513-1515 E Market St, New Albany, IN 47150

$14 SF/Yr

4,816 sqft

4,816 SF offering with two distinct commercial spaces
Second‑generation bakery and restaurant space available May 2026
Professional restaurant equipment available for separate purchase
Remodeled loft space available June 2026
Loft includes kitchenette, dedicated office, and bathroom with a shower

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Updated: Nov 25, 2025

Conventional Restaurant Space

2441 State St, New Albany, IN 47150

$25 SF/Yr

C‑2 Community Commercial Zone designation
2441 State St, New Albany, IN 47150

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Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 2 Active listings in New Albany, IN, we suggest exploring alternatives. Consider Similar 4 Spaces in Nearby Cities, and Similar 4 Properties for Sales.

Conventional restaurants for Lease in Nearby Cities

Here are 4 Similar Spaces we found in Nearby Locations for your consideration.

Convenience Store Space

540 E Gray St, Louisville, KY 40202

$2,500/Mo

3,299 sqft

Retail space with a walk-in cooler, restroom, street parking, and additional parking behind the building.

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Former Restaurant Space Available

1420 Park Pl, Clarksville, IN 47129

$15 SF/Yr

6,132 sqft

Former Outback Steakhouse for lease near I-65.

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Two-Level Restaurant Space

300 W Main St, Louisville, KY 40202

$20 SF/Yr

6,755 sqft

C3-zoned space includes dining, bar, and private-dining areas across two floors.

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Corner Coffee Shop Suite

658 S 4th St, Louisville, KY 40202

Contact for pricing

1,972 sqft

Food-and-beverage space with existing utility preparation, exterior signage availability, and outdoor seating.

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Similar Spaces for Sale in New Albany, IN

Consider Similar Space for Sale. We found 4 Spaces matching your search parameters.

Historic Mixed-Use Building with Patio

319 Pearl Street, New Albany, IN 47150

$1,575,000

11,442 sqft 0.11 AC lot

Two-parcel property combines restaurant space, private living quarters, and an outdoor patio.

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Mixed-Use Apartment Building

207 E Main St, New Albany, IN 47150

$1,590,000

9,552 sqft

For-sale mixed-use property with apartment units and first-floor restaurant space, available by appointment with notice.

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Turn-Key Restaurant with Road Frontage

1125 State St, New Albany, IN 47150

$350,000

2,232 sqft

Turn-key restaurant for sale with road frontage and equipment and furniture that generally stay with the property.

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Mixed-Use Property with Outdoor Seating

225 State St, New Albany, IN 47150

Contact for pricing

12,000 sqft

Commercially zoned building offering restaurant, retail, and office-use space across two levels.

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New Albany, IN Conventional restaurants Lease Rates & Market Statistics

Explore 2 Conventional restaurants for lease in New Albany, IN on Realmo, a commercial real estate exchange covering the New Albany area. The current inventory totals 4,816 square feet of properties.

Conventional restaurants lease rates in New Albany range from $14 SF/Yr at the entry level to $25 SF/Yr at the top of the market, averaging $19.50 SF/Yr. Pricing across the market is relatively uniform, which simplifies like-for-like comparison between listings. The local average of $19.50 SF/Yr is 32% below the Indiana state average of $28.60 SF/Yr.

New Albany accounts for 100% of the 2 conventional restaurants currently available across Floyd County. Conventional restaurants are one of the more limited space types in New Albany, with just 2 listings currently available — a scarcity worth factoring into lease negotiations.