418 Vincennes St New Albany, IN 47150-3054
This 720-square-foot mixed-use property at 418 Vincennes Street in New Albany, Indiana, is available for $280,000. Currently vacant, this property presents a unique opportunity for a variety of businesses. Previously used as a car lot, the property boasts excellent road frontage and a large lot size, all situated just off the busy intersection of Spring and Vincennes Streets. The property includes three parcels, offering ample space for development or expansion. The Mixed Use Corridor Commercial (MC) zoning allows for a wide range of potential uses, making it an ideal location for entrepreneurs and established businesses alike. Recent updates to the mechanical systems ensure the building is ready for immediate occupancy. The property's prime downtown location offers high visibility and easy access to local amenities and transportation. The Floyd County address (APN 22-05-02-801-899.000-008) and convenient 47150 zip code add to its appeal. This is a rare opportunity to acquire a versatile commercial property in a thriving Indiana city. The entire 720 square feet is net rentable.
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
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Property description
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