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    100 State St Newburgh, IN 47630

    For Sale
    $2,800,000

    Historic Downtown, High-End Finish

    Property size:
    9,075 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional mixed-use property in historic Newburgh, Indiana, presents a unique investment opportunity. The building, totaling 9,075 square feet, boasts a prime location on State Street, within a vibrant economic district featuring restaurants, shops, and historic homes. The property features three stories, each meticulously designed and renovated in 2021. The first floor offers 3,136 square feet of retail space, complete with new HVAC and electrical service. The second floor provides 3,347 square feet of office space, similarly updated with new HVAC and electrical systems. The third floor comprises a luxurious 2,592-square-foot residence, completely renovated with high-end cabinetry, appliances, fixtures, and custom flooring. This residential space includes three bedrooms, 3.5 bathrooms, a fourth room adaptable as a bunk room or office, and a fifth downstairs bedroom. An open floor plan enhances the living space, complemented by two butler pantries. Enjoy breathtaking river views from the rooftop patio, equipped with electric access. The entire building benefits from a new roof, siding (with a 30-year lifespan), porches, and gutters. Five new HVAC units ensure optimal climate control throughout. This property offers a blend of commercial and residential spaces, ideal for owner-occupancy or investment purposes, within a thriving community that encourages a live-work-play lifestyle. The asking price is $2,800,000, translating to $308.54 per square foot.

    Property Features for 100 State St

    General Information

    Property type
    Individual retail properties
    Square Feet
    9,075 SF

    Building Details

    Year Renovated
    2021
    Buildings
    1
    Stories
    3

    HighLights

    • $2,800,000 asking price for a 9,075 square foot mixed‑use building in Newburgh, Indiana.
    • The property features 3 stories and was renovated in 2021, offering a blend of retail, office, and residential space.
    • The building includes 3,136 square feet of ground‑floor retail space, 3,347 square feet of second‑floor office space, and a 2,592 square foot, three‑bedroom, 3.5‑bathroom residential unit on the third floor.
    • Additional features include a rooftop patio with river views, new HVAC systems, and updated interiors.
    • The exterior boasts a new roof, siding, porches, and gutters.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flutter Women'S Clothing Store Healing Touch Massage ... Massage Therapist

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Gym & Fitness Clothing Store Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Newburgh
    County
    Warrick
    State
    Indiana
    Longitude
    -87.4052908
    Latitude
    37.9447071

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    FAQs

    What type of property is this?
    Individual retail property - Historic Downtown, High-End Finish
    Where is this individual retail property located?
    The property is located at 100 State St Newburgh, IN.
    What is the asking price?
    The asking price for this property is $2,800,000.
    What are key features of this property?
    This property features: $2,800,000 asking price for a 9,075 square foot mixed-use building in Newburgh, Indiana.; The property features 3 stories and was renovated in 2021, offering a blend of retail, office, and residential space.; The building includes 3,136 square feet of ground-floor retail space, 3,347 square feet of second-floor office space, and a 2,592 square foot, three-bedroom, 3.5-bathroom residential unit on the third floor.
    Request Owner's contact information
    100 State St Newburgh, IN 47630
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    Newburgh, IN 47630
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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
    100 State St Newburgh, IN 47630
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