1902 Memorial Dr New Castle, IN 47362-1274
This exceptional retail property, located at 1902 S. Memorial Dr in New Castle, Indiana, offers a total of 1,800 square feet of commercial space currently available for lease. The entire building is vacant, presenting a unique opportunity for a single tenant or multiple tenants to establish their business in a prime location within Henry County. The property is categorized as a retail space with a ground lease arrangement, providing flexibility for potential occupants. A key feature is the inclusion of a patio area, ideal for outdoor seating, enhancing the appeal and functionality of the space. The property's address is 1902 S. Memorial Dr, New Castle, IN 47362. The building's size is perfectly suited for a variety of retail businesses, offering ample space for operations and customer interaction. The property's location within Henry County provides access to a substantial customer base and offers excellent visibility for any business. This is a rare opportunity to secure a fully vacant, versatile retail space with outdoor seating in a desirable location. Interested parties should inquire promptly to explore the possibilities.
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
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.