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Flex Space with Open Layout

517 New York Avenue, New Castle, IN 47362

For Lease
New
$725,400

Build-to-suit options support office, medical, professional service, and light industrial use.

Space Size10,500 SF
Days on Market5

Property Features for 517 New York Avenue

General Information

Standard status Active
Size 10,500 SF

Site & Location

Highway Access Yes
Road Access Yes

Additional Details

Divisible Yes

Building Details

Year Built 1995
Buildings 1
Stories 1
Listing Agency: RE/MAX First Integrity
Listed By: Susan Neal · License #RB14024543
Source: Bigrealtyservices
Added: Nov 3 Changed: Nov 4 Last Checked: Nov 6 at 6:17PM

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-plan space with options for tenant-specific build-out. The landlord can accommodate build-to-suit requirements, and ceilings reaching 19 feet are available if needed. On-site parking serves staff and visitors.

The property is just off SR 3 and a short drive from I-70. Its stated use options include office, medical, professional services, and light industrial operations.

Key Highlights

  • Open‑plan flex space with build‑to‑suit 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 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
NNN (Triple Net)
Lease Type

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
View Realmo Analytics

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 - Build-to-suit options support office, medical, professional service, and light industrial use.
Where is this flex space located?
The property is located at 517 New York Avenue New Castle, IN.
What is the lease rate?
The lease rate is $725,400.
What are key features of this property?
This property features: Open‑plan flex space with build‑to‑suit options; Ceilings up to 19 feet available if needed; On‑site parking for staff and visitors
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