2005 STATE ST

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2005 STATE ST

NEW ALBANY, IN 47150-4921
Asking Price
Contact for price
Asset Type
Commercial Land
Class
Class B

AI Property Summary

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

  • Commercial land site located at 2005 State St in New Albany.
  • Property is available for both sale and lease opportunities.
  • Vacant parcel zoned for commercial development and operational use.
  • Situated within the accessible Louisville metropolitan regional market area.
  • Strategic location supports a range of potential commercial business developments.

What's Special

2005 State St is a vacant commercial land site situated in New Albany, Indiana. This parcel provides a strategic footprint for developers or business owners looking to establish operations within the Louisville metropolitan area. The property benefits from the regional connectivity of the Ohio River valley, which serves as a major hub for logistics, manufacturing, and commerce. Its commercial zoning designation accommodates a variety of development paths, ranging from retail storefronts to service-oriented business centers. As New Albany continues to experience sustained interest from commercial investors, this location stands as a functional blank canvas for specific site requirements. Prospective buyers can leverage the site's accessibility to major regional transit routes to serve both local residents and the broader metropolitan population. The land serves as a viable option for those seeking to build custom facilities tailored to specific business models in a growing suburban market.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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