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Property profile & analytics
FOR LEASE
Turn key restaurants

707 State St Newburgh, IN 47630

10,314 SF 1.63 ac lot Built 2018
Entity Owned 8-yr Hold ~ Est. High Equity
Property ID
US31-2658567
Property summary
AI-generated overview

This exceptional 1,237 square foot retail storefront is located at 707 State Street in Newburgh, Indiana, within a larger 10,314 square foot building constructed in 2018. The property sits on a 1.63-acre lot, offering ample space and visibility. Currently, one suite is immediately available, boasting a lease rate of $2,250 per month, triple net (NNN). This space is part of a multi-tenant building with a total of four suites. The property enjoys a highly desirable location at the intersection of Sharon Road and State Street, benefiting from significant traffic volume, averaging 6,264 cars per day. The building is zoned commercial and features a convenient location anchored by the popular Tin Fish Restaurant, ensuring high foot traffic and visibility for your business. The property's APN is 87-12-34-402-014.000-014, and it is situated in Warrick County. This is a fantastic opportunity for a business seeking a well-located, modern retail space in a thriving area. The minimum divisible space is 1,237 square feet.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 2018
Construction WOOD
Total area 10,314 SF
Lot 1.63 ac (71,003 SF)
APN 87-12-34-402-014.000-014
UPID US31-2658567
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
  • Newburgh Tavern Bar & Pub
  • The Tin Fish Restaurant
  • Chinnos - Newburgh Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$400k
CAP Approach CAP
by Request
Comparable Approach Comparable
$653k
Blend (final) Blend
$525k
Owner & transaction history
Jay Sixto LLC · 8 yrs held
Jay Sixto LLC
since 2018
4 recorded transactions
2020
Price N/A
2018
Price N/A
2018
Price N/A
2018
$220,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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