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Property profile & analytics
OFF-MARKET
Office Units

2004-1/2 Memorial Dr New Castle, IN 47362

2,940 SF Built 1983
Property ID
US31-1361739
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Office Units
Year built 1983
Total area 2,940 SF
UPID US31-1361739
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
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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