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Property profile & analytics
OFF-MARKET
Strip malls

5170 Charlestown Rd New Albany, IN 47150-8400

9,750 SF 1.18 ac lot Built 2005
Entity Owned 21-yr Hold Free & Clear
Property ID
US31-1433828
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2005
Construction TYPE NOT SPECIFIED
Total area 9,750 SF
Lot 1.18 ac (51,575 SF)
APN 22-05-08-600-351.000-007
UPID US31-1433828
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
  • Adam Newell Fatlkin Physician
  • Kabuki Express New Albany Restaurant
  • ATM (PNC Bank) Atm
  • ProRehab Physical Therapy New Albany, Indiana Physician
  • Kabuki Express Restaurant Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Hogan Holdings 11 LLC · 21 yrs held
Hogan Holdings 11 LLC
since 2005
1 recorded transaction
2005
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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