Prime Retail Corridor Land
For Lease
$8,333/Mo
2116-2120 State St, New Albany, IN 47150
Land lease opportunity in desirable retail corridor, New Albany, IN.
Space SizeContact for details
Days on Market540
Property Features for 2116-2120 State St
General Information
Standard status
Active
Property subtype
Retail
Zoning
HC- Highway Oriented Commercial
Amenities
Power
Water
Sewer
Natural Gas
Building Details
Year Built
1980
Spaces For Lease
at 2116-2120 State St Contact usAvailable Space $8,333/Mo
Contact us
Listing Agency:
REMAX FIRST
Listed By:
Michael Kopp
(502) 386-9022
Source:
Kcrea.resimplifi
Added: Mar 23, 2025
Changed: Sep 11
Last Checked: Sep 12 at 3:47AM
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 REMAX FIRST
Investment Insights
Based on property information with market context.
This 0.99-acre land site is available for an annual ground lease plus property taxes. Located on State Street, a desirable retail corridor in Southern Indiana, the site is surrounded by major retailers such as Target and Home Depot, as well as quick-service restaurants including Chick-Fil-A, Burger King, Panera Bread, Chipotle, Popeyes, El Nopal Mexican Kitchen, Arby's, McDonald's, KFC, and Jack in the Box (Fall 2025). Service businesses such as Big O Tires and Tire Discounters, and financial services such as PNC Bank, Bank of America, and First Savings Bank are also nearby. Baptist Health has a major presence on State Street. The owners also own an adjoining property and will require a review of the layout of the site development plan. Utilities are available at the site, but coordination with the City and service providers will be required to locate them. The property is located in the TIF District for the City of New Albany, and depending on the project, may have additional incentives available with an approved site and development plan.
Key Highlights
- Prime location on highly desirable State Street retail corridor with limited availability.
- Surrounded by major retailers like Target and Home Depot, and numerous QSRs such as Chick Fil A and Burger King.
- Located in a TIF District, potentially offering additional incentives with approved site and development plan.
Property Analytics
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
1,027
Businesses Nearby
Explore this area
Business Placement
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
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Frequently Asked Questions
What type of property is this?
Commercial land - Land lease opportunity in desirable retail corridor, New Albany, IN.
Where is this commercial land located?
The property is located at 2116-2120 State St New Albany, IN.
What is the lease rate?
The lease rate is $8,333/Mo.
What are key features of this property?
This property features: Prime location on highly desirable State Street retail corridor with limited availability.; Surrounded by major retailers like Target and Home Depot, and numerous QSRs such as Chick Fil A and Burger King.; Located in a TIF District, potentially offering additional incentives with approved site and development plan.
