1501 Spg St New Albany, IN 47150-2843
Property profile & analytics
1501 Spg St, New Albany, IN 47150-2843
- Office Spaces
- 442 SF
- 0.19 lot acres
Property ID
US31-1629782
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Fetz Auto Sales / Car Dealership
Property Details for 1501 Spg St
- Year built
- 1960
- Construction
- WOOD
- Lot size
- 0.19 lot acres
- Property type
- Office Spaces
- APN
- 22-05-02-800-713.000-008
- APU
- 220502800713000008
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- New Albany
- County
- Floyd
- State
- Indiana
- Longitude
- -85.8093
- Latitude
- 38.2919
- CBSA code
- 31140
- CBSA name
- LOUISVILLE-JEFFERSON COUNTY, KY-IN METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$1,801
$33,000
$24,400
$57,400
-
$33,000
$24,400
$57,400
