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1702 Graybrook Lane, New Albany, IN 47150

$275,000

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Sold Price: $275,000
List Price: $330,000
Status: CLOSED
Days on Market: 30
Closing Date: Oct 03, 2026
MLS#: 202609679
Subtype: Residential
Construction Status: Other
Year Built: 1930
Lot Size: 86,335
Acres: 1.98
MLS Area Major: Downtown

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Property Description

Premier downtown redevelopment parcel—nearly 2 acres in heart of New Albany adjacent to golf course. MUR – zoned multi-use residential. Historic 1930 restaurant building and ancillary structures recently severely damaged by fire—serves to significantly reduce demolition costs for Site positioned for residential redevelopment. Strong location with established infrastructure. Single-family or alternative uses per zoning. Offered at substantial discount for immediate acquisition. Perfect for investor-developer seeking value-add downtown project. Property recently burned; structure compromised with significant fire damage. Demolition not yet started.

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Additional Information

Taxes: $4,657
Zoning: Residential
Heating: None
Air Conditioning: None
Roof: Other
Foundation: Block