Grant Line Rd & Security Pkwy

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Grant Line Rd & Security Pkwy

New Albany, IN 47150
Asking Price
$1.29M
Asset Type
Industrial Industrial
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Industrial land parcel situated in New Albany, Indiana.
  • Located at the junction of Grant Line Road and Security Parkway.
  • Property is currently listed for sale at 1,289,500 dollars.
  • Strategically positioned within the active Louisville metropolitan logistics corridor.
  • Well-suited for warehouse, distribution, or manufacturing facility development projects.

What's Special

Industrial development serves as the primary potential for this site located at the intersection of Grant Line Road and Security Parkway in New Albany, Indiana. This tract provides a strategic foothold in the Louisville metropolitan area, a region known for its robust logistics sector, extensive distribution networks, and strong manufacturing presence. The property benefits from its position within a growing industrial corridor, offering logistical advantages for businesses seeking proximity to major interstate infrastructure and key regional supply chain routes. Given the local zoning and regional economic trends, this land is well-suited for warehouse construction, distribution centers, or specialized manufacturing facilities. Investors and business owners looking to expand operations or secure a strategic footprint will find this location appropriate for long-term industrial projects in the evolving Southern Indiana market. The accessibility of this submarket facilitates efficient connectivity for freight and commercial transport across the broader Midwestern landscape.

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NOI
$80,000
Cap Rate
6.20%
DSCR
1.04
Tight
Cash-on-Cash
0.89%
Monthly Payment
$6,379.742
Annual Cash Flow
$3,443.091

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