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Freestanding Office Building
For Sale
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114 E Cottom Ave, New Albany, IN 47150

Positioned opposite the primary entrance to Baptist Health Floyd Hospital with adjacent land for expansion and parking.

Property SizeContact for details
Days on Market142

Property Features for 114 E Cottom Ave

General Information

Standard status Active
Property subtype Office
Listing Agency: Duncan Commercial Real Estate
Listed By: Todd Whitchurch · License #KY 57445
Source: Crexi
Added: Apr 12 Changed: Aug 31 Last Checked: Aug 30 at 3:58AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Duncan Commercial Real Estate

Investment Insights

Based on property information with market context.

This freestanding commercial building is located directly across from the main entrance to Baptist Health Floyd Hospital. A month-to-month tenant currently occupies the property, providing flexibility for future planning.

The adjacent lot adds area for building expansion and parking. Existing improvements include a carport and detached garage. The property may support continued occupancy, re-tenanting for residential investment, or conversion to office use, subject to applicable requirements.

Key Highlights

  • Across from the main entrance to Baptist Health Floyd Hospital
  • Month‑to‑month tenant currently occupies the building
  • Adjacent lot provides expansion area and parking

Property Analytics

Current Use

Caretenders Employment Agency

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage HVAC Service Spa & Massage Center Auto Parts Store (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,000
Businesses Nearby

Demographics for 47150, IN

49,395
Population
22,834
Households
2.2
Avg Household Size
39
Median Age
26%
College-Educated
91%
High-School Grad
45.0 sq mi
ZIP Area
1,098
Density / Sq Mi
$62,212
Median Household Income
$40,837
Median Earnings
$984
Median Rent
$191,800
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Positioned opposite the primary entrance to Baptist Health Floyd Hospital with adjacent land for expansion and parking.
Where is this office building located?
The property is located at 114 E Cottom Ave New Albany, IN.
What are key features of this property?
This property features: Across from the main entrance to Baptist Health Floyd Hospital; Month‑to‑month tenant currently occupies the building; Adjacent lot provides expansion area and parking
More about this property
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