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Flex Space with Warehouse
For Lease
$13 SF/Yr

513 New York Ave, New Castle, IN 47362

Divisible commercial space supports office, medical, professional, and light industrial uses.

Space Size20,000 SF
Days on Market10

Property Features for 513 New York Ave

General Information

Standard status Active
Size 20,000 SF

Space & Availability

Divisible Yes
Space Use Industrial

Site & Location

Highway Access Yes
Road Access Yes

Warehouse & Industrial

Clear Height 19 ft
Warehouse Space 6,100 SF

Taxes and HOA fees

Annual Taxes $5,521
Listing Agency: RE/MAX First Integrity
Listed By: Susan Neal · License #RB14024543
Source: Exprealty
Added: Aug 7 Changed: Aug 16 Last Checked: Aug 16 at 2:03AM

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 property offers more than 20,000 SF that can be divided for different occupancy requirements. The layout includes open floor areas, 6,100 SF of warehouse space, and 19-foot warehouse ceilings. Four shared loading docks support warehouse operations, while build-to-suit work is available through the landlord.

The property is positioned just off SR 3 and is minutes from I-70. Zoning supports office, medical, light industrial, and professional uses. On-site parking is available for staff and clients, and the open configuration allows for multiple office, service, or operational layouts.

Key Highlights

  • More than 20,000 SF available with divisible configurations
  • 6,100 SF warehouse area with 19‑foot ceilings
  • Four shared loading docks

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

19 ft
Clear height
Yes
Highway access
Yes
Paved road access
NNN (Triple Net)
Lease Type
$1.95 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

578
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
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 - Divisible commercial space supports office, medical, professional, and light industrial uses.
Where is this flex space located?
The property is located at 513 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 with divisible configurations; 6,100 SF warehouse area with 19‑foot ceilings; Four shared loading docks
More about this property
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