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    1709 Memorial Dr, Unit 1719 New Castle, IN 47362-1215

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    1709 Memorial Dr, Unit 1719 New Castle, IN 47362-1215


    • Commercial real estate
    • 76,904 SF
    • 7.40 lot acres
    Off-Market
    Last Sale Jan 18, 2023
    Property ID
    US31-0925204
    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.

    Value Estimations
    $2,310,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 1709 Memorial Dr

    Year built
    1964
    Construction
    WOOD
    Lot size
    7.40 lot acres
    Property size
    76,904 SF
    Property type
    Commercial real estate
    APN
    33-12-21-220-171.000-016
    APU
    331221220171000016

    Description

    This exceptional 10,000-square-foot retail space is situated in a thriving Henry County, Indiana shopping center at 1709 S Memorial Dr, New Castle, IN 47362. Built in 1975, this single-tenant property boasts a prime location with a 50-foot storefront and 200-foot depth, offering significant flexibility for various retail or restaurant concepts. The space features a wide-open front area, multiple offices, an IT room, an electrical room, and separate men's and women's restrooms, including ADA-compliant stalls. Ample customer parking is available, with additional space behind the building ideal for deliveries. The owner is open to expanding the rear area for additional parking if needed. Benefit from prominent signage opportunities on both the storefront and Memorial Drive, a major thoroughfare with nearly 23,000 cars passing daily. This property is part of a successful shopping center anchored by well-known tenants such as Harbor Freight Tools, Goodwill, Buffalo Wild Wings, and Family Dollar, ensuring high visibility and foot traffic. The surrounding area boasts a population of almost 18,000, with an average household income of $46,925, presenting a strong consumer base. The total building size is 75,576 square feet, with this 10,000 square foot space currently available. This presents a unique opportunity to establish a successful business in a high-demand location.


    Value Estimations

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    • CAP approach

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    Location Insight

    • Map
    • Local Demand
    City
    New Castle
    County
    Henry
    State
    Indiana
    Longitude
    -85.3859
    Latitude
    39.9153
    CBSA code
    35220
    CBSA name
    NEW CASTLE, IN MICROPOLITAN 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
    $39,357
    $604,900
    $707,000
    $1,311,900
    -
    $604,900
    $707,000
    $1,311,900
    More about this property
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