Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    5170 Charlestown Rd New Albany, IN 47150

    For Lease
    $14 SF/Yr ($3,806 /Mo)

    Prime 3,150 sq ft endcap with drive-thru.

    Lot size:
    3,150 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 3,150 square foot endcap space, located in the thriving Cobbler's Place shopping center in New Albany, Indiana, presents a unique opportunity for a variety of businesses. The property boasts a convenient drive-thru, ideal for quick service or retail operations. Built in 2013, this single-story building sits on a 1.18-acre lot and features a contemporary layout. The interior includes a spacious reception area, three private offices with glass partitions, a substantial retail floor area perfect for display and customer interaction, a dedicated break room, and two restrooms. The property's former use as a bank provides a solid foundation for various businesses. Its location next to Walgreens and CVS ensures high visibility and foot traffic. The area is experiencing significant growth, with a median household income of $82,398 within a one-mile radius. The property's strategic location, two miles north of the I-265 interchange on Charlestown Road/Highway 311, benefits from a high average annual daily traffic count of 12,735 vehicles. The strong tenant mix within the center, including a chiropractor, pizza restaurant, and nail salon, creates a vibrant and attractive environment. This versatile space is zoned C-1 and is well-suited for medical, dental, or restaurant users. The property's APN is 22-05-08-600-351.000-007. The entire 3,150 square feet is currently vacant, offering immediate occupancy.

    Property Features for 5170 Charlestown Rd

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3,150 SF
    Total Rate
    3806.25

    Building Details

    Year Built
    2013
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Suite: 5170
    Size
    3,150 SF
    Rate per SF
    $14

    HighLights

    • 3,150 SF endcap retail/office space with drive‑thru.
    • Features a large retail area, three private offices, break room, and two restrooms.
    • Strong tenant mix includes a chiropractor, pizza restaurant, and nail salon.
    • Ideal for medical, dental, or restaurant users.
    • Located two miles north of I‑265 on Charlestown Road/Highway 311, with 12,735 AADT.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Adam Newell Fatlkin Physical Therapist Kabuki Express New ... Japanese Restaurant ATM (PNC Bank) Atm ProRehab Physical Therapy ... Physical Therapist Kabuki Express Takeout Restaurant

    Suggested Use

    Realty agency Restaurant Law Firm 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
    New Albany
    County
    Floyd
    State
    Indiana
    Longitude
    -85.777426275359
    Latitude
    38.367074870512

    Nearby Similar for Lease

    • $795,000
      3,374 SF

      Downtown New Albany Opportunity

      Purchase or lease opportunity in vibrant downtown New Albany.
      141 E Main St, New Albany, IN 47150
      View Details
    • $10 SF/Yr
      7,260 SF

      Downtown New Albany Office Space

      Professional office space in growing downtown New Albany.
      700 Pearl St, New Albany, IN 47150
      View Details
    • $4,000 /Mo
      3,566 SF

      Historic Downtown New Albany Office

      Second floor office space with flexible layout in historic building.
      223 E Spring St, New Albany, IN 47150
      View Details
    • Contact for pricing
      13,905 SF

      Freestanding Building in High-Visibility Location

      13,905 SF building with drive-thru in New Albany, IN.
      1702 East Spring St, New Albany, IN 47150
      View Details
    • Contact for pricing

      Furnished Medical Office Space Available

      Furnished medical office space for sublease in Purdue Research Park.
      4101 Technology Ave, New Albany, IN 47150
      View Details
    • $18 SF/Yr
      1,200 SF

      New Albany Retail/Office Space

      Well-maintained 1,200 SF retail/office space in high-visibility center.
      3823-3831 Charlestown Rd, New Albany, IN 47150
      View Details

    FAQs

    What type of property is this?
    Restaurant - Prime 3,150 sq ft endcap with drive-thru.
    Where is this restaurant located?
    The property is located at 5170 Charlestown Rd New Albany, IN.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: 3,150 SF endcap retail/office space with drive-thru.; Features a large retail area, three private offices, break room, and two restrooms.; Strong tenant mix includes a chiropractor, pizza restaurant, and nail salon.
    Request Owner's contact information
    5170 Charlestown Rd New Albany, IN 47150
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5170 Charlestown Rd
    New Albany, IN 47150
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    5170 Charlestown Rd New Albany, IN 47150
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.