1700 State St New Albany, IN 47150-4916
This 2,500 square foot medical office space, part of a four-unit retail/office strip center, is ideally situated adjacent to Baptist Hospital in Floyd County. The property boasts convenient onsite parking directly in front of the unit, ensuring easy access for patients and staff. Excellent signage opportunities are also available, enhancing visibility and brand recognition. Built in 1983, this single-tenant space is part of a larger 8,146 square foot building situated on a substantial 810,216,000 square foot lot (APN: 22-05-03-400-374.000-008). The property's location makes it perfect for medical practices, but its flexible zoning also allows for retail uses. A flexible lease is available, and rent-to-own options may be considered. The monthly rent for this space is $3,750. This presents a unique opportunity to establish a thriving practice or business in a high-traffic, high-visibility location. The property is classified as Retail, Office, with a subtype of Medical Office, Commercial, and Strip Center.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
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Risks
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