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    106 State St Newburgh, IN 47630

    For Sale
    $2,400,000

    Mixed-use property in historic Newburgh with retail and residential spaces.

    Property size:
    9,075 SF
    Lot size:
    0.21 Acres

    Property Features for 106 State St

    General Information

    Size
    9,075 SF
    Lot size
    0.21 Acres

    Source: F.C. Tucker Commercial Agent Kristin Dannheiser

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

    Overview

    Historic Newburgh Mixed-Use Property

    Located in historic Newburgh, this 9,075 square foot mixed-use property is situated within a vibrant economic district known for its restaurants, shopping, offices, and historic homes. The location benefits from public spaces such as the Allen Family Amphitheater and Rivertown Trail, which foster community engagement and capitalize on the scenic surroundings. The property includes 3,136 square feet divided into two suites, 3,347 square feet including a 400 square foot common area, and 2,592 square feet with a rooftop patio. The property features a new construction residence designed for owners, complete with three bedrooms, three and a half bathrooms, and a home office that could serve as a fourth bedroom. Additional spaces include a fifth room suitable as a bunk room or storage, and a sixth bedroom downstairs. The residence boasts an open floor plan with two butler pantries and high-end appliances. The rooftop patio offers river views and is equipped with gas, electric, and water connections. This property offers the opportunity to live, work, and play in downtown Newburgh.
    Location Intelligence

    Current Use by Public Records

    Academy Energy Group ... Solar Energy Equipment Supplier

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Gym & Fitness Clothing Store Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Newburgh
    County
    Warrick
    State
    Indiana
    Longitude
    -87.405286
    Latitude
    37.944761

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    FAQs

    What type of property is this?
    Retail space - Mixed-use property in historic Newburgh with retail and residential spaces.
    Where is this retail space located?
    The property is located at 106 State St Newburgh, IN.
    What is the asking price?
    The asking price for this property is $2,400,000.
    What are key features of this property?
    This property features: - New construction, high-end residence in Historic Newburgh.; - Enjoy river views from the rooftop patio with gas, electric, and water hookups.; - Open floor plan featuring high-end appliances and **2 butler pantries**.
    (812) 455-0001
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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
    106 State St Newburgh, IN 47630
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