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Flex Space with High Ceilings
For Sale
$686,400

503 New York Avenue, New Castle, IN 47362

An adaptable commercial property offers open-plan layouts and on-site parking for staff and visitors.

Property SizeContact for details
Days on Market10

Property Features for 503 New York Avenue

General Information

Standard status Active
Property subtype Commercial

Additional Details

Highway Access Yes

Amenities

open floor plans
flexible build-out options

Building Details

Year Built 1995
Listing Agency: RE/MAX First Integrity
Listed By: Susan Neal · License #RB14024543
Source: Jmrealtyonline
Added: Oct 21 Changed: Oct 28 Last Checked: Oct 28 at 2:54PM

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

Rey
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Investment Insights

Based on property information with market context.

This flex property, built in 1995, offers open floor plans and flexible build-out options. Ceiling heights of 19 feet are available if needed, and the space can be configured for office, medical, professional services, or light industrial operations.

The property is just off SR 3, with I-70 a short drive away. On-site parking serves staff and visitors.

Key Highlights

  • Open floor plans with flexible build‑out options
  • Ceilings up to 19 feet available if needed
  • On‑site parking for staff and visitors

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Flex space

Suggested Use

Top Pick Real Estate Agency Skin Care Clinic Barber Shop Garden Center Daycare Center (Bike/Boat/Book/etc) 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

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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

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 - An adaptable commercial property offers open-plan layouts and on-site parking for staff and visitors.
Where is this flex space located?
The property is located at 503 New York Avenue New Castle, IN.
What is the asking price?
The asking price for this property is $686,400.
What are key features of this property?
This property features: Open floor plans with flexible build‑out options; Ceilings up to 19 feet available if needed; On‑site parking for staff and visitors
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