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Property profile & analytics
OFF-MARKET
Strip malls

4430 Charlestown Rd New Albany, IN 47150-9569

12,284 SF 0.81 ac lot Built 2005
Entity Owned Free & Clear
Property ID
US31-1582540
Property summary
AI-generated overview

Matthews Center presents a unique retail investment opportunity in northeastern New Albany, Indiana. This vibrant commercial corridor boasts affluent demographics and high traffic volume, situated conveniently near major anchors such as Meijer's, Regal Cinemas, and Northside Christian Church (with over 10,000 members). The property offers a flexible space ranging from 500 to 8,450 contiguous square feet, currently entirely vacant. A total of 8,450 square feet of existing space is available for lease, alongside 3.04 acres and 0.5-acre outlots available for ground lease. The site features excellent visibility and convenient access from Charlestown Road, just one mile north of I-265, a key east-west connector in Southern Indiana. Ample parking is provided with 194 spaces. The property is zoned R-1 and its APN is 22-05-08-500-387.000-008. This location is ideal for a variety of uses, including restaurants, retail stores, banks, or medical offices, making it an attractive proposition for businesses seeking high visibility and strong foot traffic in a thriving community. The minimum divisible space is 500 square feet.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2005
Construction TYPE NOT SPECIFIED
Total area 12,284 SF
Lot 0.81 ac (35,327 SF)
APN 22-05-08-500-387.000-008
UPID US31-1582540
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
Current use
Occupant on record · Public records
  • Adventure Time Academy Daycare Center
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Hutton New Albany In St LLC
Hutton New Albany In St LLC
since 2025
2 recorded transactions
2025
Price N/A
2024
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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