2010 Memorial Dr New Castle, IN 47362-1220
This exceptional 16,094 square foot commercial property presents a unique investment opportunity in New Castle, Indiana. Situated on a highly trafficked section of South Memorial Drive (State Road 3), this single-tenant building boasts excellent visibility and accessibility, making it ideal for a variety of businesses. The property's classification as a Class B building reflects its solid construction and functional layout. The building itself sits on a sizable 1.3-acre lot, offering ample space and potential for expansion or outdoor use. Inside, the generous square footage is complemented by a large overhead door, perfect for loading and unloading, and a substantial storage area, catering to diverse operational needs. The property's dual zoning as both traditional and creative office space allows for flexibility in tenant selection and business types. This versatile building is perfect for a company seeking a prominent location with significant space and convenient access. Located in Henry County, this property offers a strategic position within a thriving community. The combination of size, location, and features makes this a truly compelling opportunity for a discerning buyer. This is a rare chance to acquire a substantial commercial property in a high-demand area.
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.