5170 Charlestown Rd New Albany, IN 47150-8400
This exceptional 3,150 square foot endcap space, located in the thriving Cobbler's Place shopping center in New Albany, Indiana, presents a unique opportunity for a variety of businesses. The property boasts a convenient drive-thru, ideal for quick service or retail operations. Built in 2013, this single-story building sits on a 1.18-acre lot and features a contemporary layout. The interior includes a spacious reception area, three private offices with glass partitions, a substantial retail floor area perfect for display and customer interaction, a dedicated break room, and two restrooms. The property's former use as a bank provides a solid foundation for various businesses. Its location next to Walgreens and CVS ensures high visibility and foot traffic. The area is experiencing significant growth, with a median household income of $82,398 within a one-mile radius. The property's strategic location, two miles north of the I-265 interchange on Charlestown Road/Highway 311, benefits from a high average annual daily traffic count of 12,735 vehicles. The strong tenant mix within the center, including a chiropractor, pizza restaurant, and nail salon, creates a vibrant and attractive environment. This versatile space is zoned C-1 and is well-suited for medical, dental, or restaurant users. The property's APN is 22-05-08-600-351.000-007. The entire 3,150 square feet is currently vacant, offering immediate occupancy.
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Adam Newell Fatlkin Physician
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Kabuki Express New Albany Restaurant
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ATM (PNC Bank) Atm
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ProRehab Physical Therapy New Albany, Indiana Physician
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Kabuki Express Restaurant Take-out & Catering
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.