Flexible Industrial
New
For Lease
$13 SF/Yr
503 New York Ave, New Castle, IN 47362
Adaptable commercial space with warehouse capacity, shared loading access, and build-to-suit options near SR 3.
Space SizeContact for details
Days on Market4
Property Features for 503 New York Ave
General Information
Standard status
Active
Space & Availability
Divisible
Yes
Space Use
Office
Warehouse & Industrial
Clear Height
19 ft
Warehouse Space
6,100 SF
Dock-High Doors
4
Three-Phase Power
Yes
Additional Details
Highway Access
Yes
Building Details
Year Built
1995
Listing Agency:
RE/MAX First Integrity
(765) 524-5585
Listed By:
Susan Falck-Neal · License #RB14024543
Source:
Megandusing
Added: Aug 30
Changed: Aug 31
Last Checked: Aug 31 at 6:56PM
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 flexible-use commercial property offers 26,100 square feet with more than 20,000 square feet available for lease. The space can be divided to suit tenant requirements, with open layouts and landlord-supported build-to-suit possibilities. Approximately 6,100 square feet is configured as warehouse space with four shared loading docks and 19-foot ceilings. On-site parking is available for staff and visitors.
The property at 503 New York Ave in New Castle is positioned just off SR 3 and provides access to I-70 within minutes. Permitted applications identified for the property include office, medical, light industrial, and professional uses, creating flexibility for a range of commercial operations.
The property at 503 New York Ave in New Castle is positioned just off SR 3 and provides access to I-70 within minutes. Permitted applications identified for the property include office, medical, light industrial, and professional uses, creating flexibility for a range of commercial operations.
Key Highlights
- More than 20,000 SF available within a 26,100‑square‑foot property
- 6,100 SF warehouse area with 4 shared loading docks
- 19‑foot warehouse ceilings
Property Analytics
Property Profile
Current Use
Lease Details
19 ft
Clear height
4
Dock-high doors
Yes
Highway access
NNN (Triple Net)
Lease Type
$1.95 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
506
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
Lease Benchmarks for New Castle, IN
$9.25 /SF/Yr
Avg Asking Price
$3.98–$13 /SF/Yr
Price Range
14,288 SF
Avg Space Size
This space is priced 41% above the average of $9.25 /SF/Yr.
Vacancy Rate% for Office in Midwest region
Questions? Ask 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 - Adaptable commercial space with warehouse capacity, shared loading access, and build-to-suit options near SR 3.
Where is this flex space located?
The property is located at 503 New York Ave New Castle, IN.
What is the lease rate?
The lease rate is $13 SF/Yr.
What are key features of this property?
This property features: More than 20,000 SF available within a 26,100‑square‑foot property; 6,100 SF warehouse area with 4 shared loading docks; 19‑foot warehouse ceilings
