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    1902 S Memorial Dr New Castle, IN 47362

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    For Lease
    Contact for pricing

    Retail space with high visibility and traffic count.

    Property size:
    1,848 SF
    Lot size:
    0.51 Acres

    Property Features for 1902 S Memorial Dr

    General Information

    Size
    1,848 SF
    Lot size
    0.51 Acres

    Source: Veritas Realty Agent Andrew Demaree

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

    Overview

    Retail Space on Memorial Drive

    This retail space is located on the hard corner of Memorial Drive (SR-3) and Parkview Drive, benefiting from a combined traffic count of 27,990 vehicles per day. The property offers full access and excellent visibility in an area with high traffic, surrounded by national retailers. It is situated at the front entry to New Castle High School and Middle School. The property includes 21 parking spaces and has a size of 1,848 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    New Castle
    County
    Henry
    State
    Indiana
    Longitude
    -85.384788
    Latitude
    39.9133

    Nearby Similar for Lease

    • Contact for pricing
      7,500 SF

      Retail Space in New Castle

      Retail space available for lease in New Castle, Indiana.
      427-501 S Memorial Dr, New Castle, IN 47362
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space with high visibility and traffic count.
    Where is this retail space located?
    The property is located at 1902 S Memorial Dr New Castle, IN.
    What are key features of this property?
    This property features: - Hard corner location at Memorial Dr (SR-3) & Parkview Dr with 27,990 vehicles per day.; - Full-access and excellent visibility.; - High traffic count area surrounded by national retailers.
    (317) 737-2880
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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
    1902 S Memorial Dr New Castle, IN 47362
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