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Flexible-Use Flex Space
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503 New York Avenue, New Castle, IN 47362

Open layouts support office, medical, professional services, and light industrial uses.

Property SizeContact for details
Days on Market43

Property Features for 503 New York Avenue

General Information

Standard status Active

Site & Location

Highway Access Yes
Road Access Yes

Amenities

loading dock
high ceilings
open floor plans
flexible build-out options
Listing Agency: RE/MAX First Integrity
Listed By: Susan Neal · License #RB14024543
Source: Midwestrealestategroup
Added: Jul 20 Changed: Aug 30 Last Checked: Aug 30 at 5:47PM

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 RE/MAX First Integrity

Investment Insights

Based on property information with market context.

This flex-space property provides over 19,000 square feet of commercial area with divisible configuration options and open layouts. The improvements include 6,100 square feet of warehouse space, four shared loading docks, and 19-foot warehouse ceilings. Landlord build-to-suit capability supports customized interior planning.

The property is located at 503 New York Avenue in New Castle, just off SR 3 and minutes from I-70. On-site parking serves staff and clients, while the stated zoning supports office, medical, light industrial, and professional uses.

Key Highlights

  • Over 19,000 SF of divisible commercial space
  • 6,100 SF of warehouse space with 4 shared loading docks
  • 19 foot high warehouse ceilings

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Real Estate Agency Building Supply Big Box & Wholesale Store Garden Center Storage Facility Auto Parts Store

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

Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

506
Businesses Nearby
Under-served
Demand for This Use

Demographics for 47362, IN

30,184
Population
12,523
Households
2.4
Avg Household Size
43
Median Age
15%
College-Educated
89%
High-School Grad
147.7 sq mi
ZIP Area
204
Density / Sq Mi
$56,564
Median Household Income
$38,568
Median Earnings
$792
Median Rent
$131,800
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
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Similar Off Market Nearby

  • L.A. Liquid Catering- Mobile Bar 1214 Broad St, New Castle, IN 47362

Frequently Asked Questions

What type of property is this?
Flex space - Open layouts support office, medical, professional services, and light industrial uses.
Where is this flex space located?
The property is located at 503 New York Avenue New Castle, IN.
What are key features of this property?
This property features: Over 19,000 SF of divisible commercial space; 6,100 SF of warehouse space with 4 shared loading docks; 19 foot high warehouse ceilings
More about this property
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