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Refrigerated Cold Storage Facility
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331 Park East Boulevard, New Albany, IN 47150

Industrial-zoned refrigerated and freezer facility with expansion capacity, dock access, and updated office space.

Space Size22,000 SF
Days on Market89

Property Features for 331 Park East Boulevard

General Information

Standard status Active
Size 22,000 SF
Net Rentable 22,000 SF
Property subtype Industrial
Zoning Industrial
Lease Type NNN

Space & Availability

Available Space 22,000 SF
Contiguous Space 22,000 SF

Lease Terms

Lease Rate $11.95 /USD/SF/YR
Monthly Rent $21,908
Rent per SF/Year $11.95

Warehouse & Industrial

Clear Height 18 ft
Dock-High Doors 5
Drive-In Doors 2
Sprinkler System Yes
Cold Storage Yes
Listing Agency: CBRE Inc.
Listed By: Kevin Grove
Source: Cbre
Added: Jun 3 Changed: Aug 30 Last Checked: Aug 30 at 12:58PM

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 CBRE Inc.

Investment Insights

Based on property information with market context.

This 22,000± square-foot refrigerated and cold storage facility includes dedicated refrigeration and freezer areas, an 18’ clear height, five dock doors, and two drive-in doors. A wet sprinkler system supports the building, while the office component features recent renovations and new second-floor windows.

The property is zoned Industrial and includes excess land for future expansion, with a prepared building pad already in place. Its combination of temperature-controlled space, loading infrastructure, and expandable site configuration supports a range of cold storage and distribution operations.

Key Highlights

  • 22,000± square feet of refrigerated and cold storage space
  • 18’ clear height supports warehouse operations
  • Five dock doors and two drive‑in doors

Property Analytics

Current Use

Refrigerated & Cold Storage

Suggested Use

Top Pick Real Estate Agency Dental Office Restaurant Law Firm Hair Salon Auto Repair Shop

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

Lease Details

18 ft
Clear height
5
Dock-high doors
2
Drive-in doors
Yes
Sprinkler system
NNN (Triple Net)
Lease Type
$1.79 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

252
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 Industrial in Midwest region

4.4% 2019
4.9% 2020
3.6% 2021
3.1% 2022
4.6% 2023
5% 2024
4.9% 2025
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Frequently Asked Questions

What type of property is this?
Refrigerated & cold storage - Industrial-zoned refrigerated and freezer facility with expansion capacity, dock access, and updated office space.
Where is this refrigerated & cold storage located?
The property is located at 331 Park East Boulevard New Albany, IN.
What are key features of this property?
This property features: 22,000± square feet of refrigerated and cold storage space; 18’ clear height supports warehouse operations; Five dock doors and two drive‑in doors
More about this property
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