2004-1/2 Memorial Dr New Castle, IN 47362
This versatile 2,940 square foot commercial space, built in 1983, presents a unique investment opportunity in New Castle, Indiana. Located at 2004 1/2 S Memorial Dr, this single-tenant property boasts a prime location directly on State Road 3, ensuring high visibility and traffic exposure. The building's adaptable layout is suitable for a variety of uses, including traditional office space, creative office environments, restaurants, cafes, or specialty retail businesses. Ample parking is available for customers and employees. The property offers 2,940 square feet of total building space. Its classification includes Traditional Office and Creative Office subtypes, making it suitable for a wide range of businesses. The monthly rental rate is $2,100. This property is an excellent choice for businesses seeking high visibility and convenient access in a bustling area of New Castle. The property's location on State Road 3, a high-traffic thoroughfare, guarantees significant foot and vehicle traffic, providing exceptional exposure for any business. The building's adaptability and ample parking further enhance its appeal to a diverse range of potential tenants. This is a must-see opportunity for businesses looking to establish a strong presence in a thriving commercial area.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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
No recorded transactions found for this property.
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.