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Property profile & analytics
OFF-MARKET
Retail space

1902 Memorial Dr New Castle, IN 47362-1274

1,891 SF 0.57 ac lot Built 2006
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US31-2209376
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2006
Construction WOOD
Total area 1,891 SF
Lot 0.57 ac (24,742 SF)
APN 33-12-22-130-101.000-016
UPID US31-2209376
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Om New Castle Realty LLC · 1 yrs held
Om New Castle Realty LLC
since 2024
7 recorded transactions
2024
Price N/A
2023
Price N/A
2020
Price N/A
2016
Price N/A
2009
Price N/A
2007
Price N/A
2006
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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