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    601 E 4Th St New Albany, IN 47150

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    For Sale
    $975,000

    Multi-story building near upcoming mixed-use development.

    Property size:
    41,728 SF
    Lot size:
    0.54 Acres

    Property Features for 601 E 4Th St

    General Information

    Size
    41,728 SF
    Lot size
    0.54 Acres

    Source: RE/MAX FIRST Agent Michael A Kopp

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    New Albany Manufacturing/Warehouse Opportunity

    This multi-story property in downtown New Albany, formerly a veneer processing plant with light manufacturing and warehouses, offers approximately 42,000 square feet of space. The property includes 26 private off-street parking spaces. It adjoins a newly proposed mixed-use development estimated at $90 million as part of the READI Program, with plans for over 224 apartments, market space, a brewery, a distillery, retail spaces, restaurants, and entertainment venues in the proposed Padgett District. The property consists of three parcels. This property presents an opportunity to explore the needs of the growing downtown area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    E M Cummings ... Lumber Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New Albany
    County
    Floyd
    State
    Indiana
    Longitude
    -85.821704
    Latitude
    38.289792

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    FAQs

    What type of property is this?
    Manufacturing property - Multi-story building near upcoming mixed-use development.
    Where is this manufacturing property located?
    The property is located at 601 E 4Th St New Albany, IN.
    What is the asking price?
    The asking price for this property is $975,000.
    What are key features of this property?
    This property features: - Adjoins proposed $90 million mixed-use development (Padgett District) with 224+ apartments, retail, restaurants, brewery, distillery, and entertainment.; - **42,000 sq ft multi-story main building offers significant space for various uses.**; - Includes (26) private off-street parking spaces, a valuable asset in a downtown location.
    (502) 386-9022
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    601 E 4Th St New Albany, IN 47150
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    New Albany, IN 47150
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    601 E 4Th St New Albany, IN 47150
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