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    7777 In-66 Newburgh, IN 47630

    Sponsored
    For Lease
    $10 SF/Yr

    Prime Retail/Restaurant Opportunity, 1,250 SF

    Lot size:
    1 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional commercial property, located at 7777 State Road 66, offers 1,250 square feet of versatile space ideal for a restaurant or retail business. Situated at the intersection of Old State Route 261 and State Road 66, this Class B building benefits from high visibility and significant traffic counts. Old State Route 261 sees an average daily traffic of 9,053 vehicles, while the intersection with State Road 66 boasts an impressive average daily traffic count of 43,857 vehicles. The property is zoned C-4, allowing for a variety of commercial uses. The space is available for lease at a rate of $12 per square foot per year, NNN. The property's tax ID is 87-12-26-118-002.000-019. This is a multi-tenant building with one space currently available. The property's location provides excellent access and exposure to a large customer base. This is a rare opportunity to establish a business in a high-traffic area with strong potential for growth. Don't miss out on this prime commercial real estate offering. The property is ready for immediate occupancy. Contact us today to schedule a showing.

    Property Features for 7777 In-66

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1 SF
    Class
    B
    Total Rate
    0.83

    Unit(s) available at that property

    Space
    Suite 102 B
    Size
    1,250 SF
    Rate per SF
    $10

    HighLights

    • $12/SF/YR NNN lease rate.
    • C‑4 zoning.
    • Ideal for restaurant, retail, or commercial use.
    • Tax ID: 87‑12‑26‑118‑002.000‑019.
    • High‑traffic location at Old State Route 261 and State Road 66 intersection; Old State Route 261 sees 9,053 vehicles daily, and the intersection sees 43,857 vehicles daily.
    Property Profile Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Newburgh
    County
    Warrick
    State
    Indiana
    Longitude
    -87.390986
    Latitude
    37.976186

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    FAQs

    What type of property is this?
    Restaurant - Prime Retail/Restaurant Opportunity, 1,250 SF
    Where is this restaurant located?
    The property is located at 7777 In-66 Newburgh, IN.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: $12/SF/YR NNN lease rate.; C-4 zoning.; Ideal for restaurant, retail, or commercial use.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    7777 In-66 Newburgh, IN 47630
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