1501 Spg St New Albany, IN 47150-2843

This exceptional opportunity presents a 442 sq ft auto shop and storefront located at 1501 E Spring St, New Albany, IN 47150. Currently operating as a successful Buy Here/Pay Here used car dealership, this property boasts a high-visibility corner lot in downtown New Albany, offering ample space for vehicle display. The property sits on an 8,494 sq ft lot and is conveniently accessible from major highways and roads, ensuring high customer traffic. The asking price is $289,000 ($653.85/sq ft), and owner financing is available. Built in 1960, the property is zoned MC and has 100% occupancy. This high-demand location is ideal for continuing the existing business or repurposing for a similar automotive use or even a mixed-use development, potentially incorporating apartments, subject to zoning approvals. The square footage is approximate; buyers should verify if critical. This is a rare opportunity to acquire a well-established business in a prime location. The property's APN is 220502800713000008.