1817 Graybrook Ln New Albany, IN 47150-5156
This exceptional 742-square-foot retail space, situated on a 0.68-acre corner lot at 1817 Gray Brook Lane in New Albany, Indiana, presents a rare opportunity for a discerning entrepreneur. Built in 1986, this single-story building boasts a rich history as a beloved local ice cream shop and BBQ establishment, offering immediate brand recognition and community goodwill. The property is currently vacant and ready for immediate occupancy, providing a blank canvas for your vision. The MDR zoning allows for a variety of uses, making it ideal for a restaurant, retail store, or other compatible businesses. The address is 1817 Gray Brook Ln, New Albany, IN 47150, within Floyd County (APN: 22-05-02-600-071.000-008). This location offers high visibility and accessibility, ensuring a strong customer base. Furthermore, the property is eligible for a $50,000 Caesar small business loan, providing significant financial assistance for qualified buyers. This is a turnkey opportunity to establish a thriving business in a vibrant community with a strong sense of history and local pride. The property's single-tenancy structure offers simplicity and control, allowing for a seamless transition into your new venture. Don't miss this chance to own a piece of New Albany's heritage and build your business dream.
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
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Property description
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