207-209 E Main Street, New Albany, IN 47150

$1,590,000
10,750
SqFt

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List Price
$1,590,000
Status
ACTIVE
Days on Market
166
MLS#
202608604
Subtype
Commercial Sale
Year Built
1947
Living Area
10,750
Lot Size
5,314
Acres
0.12

Property Description

207 & 209 E. Main Street presents a fully leased mixed-use investment opportunity in the core of Downtown New Albany’s rapidly expanding urban corridor. The historic three-story asset has been comprehensively renovated and professionally managed by The Resch Company, creating a stabilized mixed-use investment with strong operational history and long term ownership stewardship. Positioned directly across from The Oxbow, a Denton Floyd Real Estate Group and The Wheatley Group’s new 43 unit luxury mixed use development with Class A office and retail space; the property also benefits from proximity to The Resch Company’s luxury townhome development with projected pricing in the $700s. These surrounding developments continue to reinforce the long term investment trajectory and residential demand growth within Downtown New Albany. Originally constructed circa 1885, the property offers investors a stabilized urban mixed-use asset with diversified income streams, strong walkability, and continued upside tied to ongoing downtown redevelopment activity.

Additional Information

Taxes
$8,775

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Listing courtesy of Coldwell Banker McMahan.