1513-1515 E Market Street

    New Albany, IN 47150
    • $240,000
    • STATUS: Active
    • ON SITE: 41 days
    • MLS #: 201808034
    UPDATED: 21 min ago
    $240,000
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,816
      SQFT
    • $50
      $/SQFT
    Type:
    Commercial
    Built:
    1900
    County:
    Area:

    School Ratings & Info

    Description

    Income Property. Located in UpTown New Albany is 1513-1515 E Market St. Property currently has a Mexican restaurant as a tenant who rents the 1st floor apartment and the upstairs as well. There is also another upstairs apartment with a separate entry that is rented. The income is $2,650 per month in all. Tenants pay utilities. The hood and walk-in cooler remain with the property The tenants furnishings and equipment are NOT part of the purchase and are the personal property of the tenant. There are 2 years remaining with the current tenant lease and he has a 5 year option to renew. The City has begun efforts to revitalize UPTown in the area to include E Market and Vincennes St just a few 100 feet away that has a new planned development that includes new retail and apartments. Give me a call and lets take a look.

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    © 2018 Southern Indiana Realtors Association. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Paxton Group. Data last updated: 2018-05-25T10:04:48.323.
    www.thepaxtongroup.com/homes/82563726

    1513-1515 E Market Street New Albany, IN 47150

    • Price: $240,000
    • Status: Active
    • Updated: 21 min ago
    • MLS #: 201808034
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    4,816
    SQFT
    $50
    $/SQFT
    1900
    Built
    County:
    Floyd
    Area:
    New Albany
    Property Description
    Income Property. Located in UpTown New Albany is 1513-1515 E Market St. Property currently has a Mexican restaurant as a tenant who rents the 1st floor apartment and the upstairs as well. There is also another upstairs apartment with a separate entry that is rented. The income is $2,650 per month in all. Tenants pay utilities. The hood and walk-in cooler remain with the property The tenants furnishings and equipment are NOT part of the purchase and are the personal property of the tenant. There are 2 years remaining with the current tenant lease and he has a 5 year option to renew. The City has begun efforts to revitalize UPTown in the area to include E Market and Vincennes St just a few 100 feet away that has a new planned development that includes new retail and apartments. Give me a call and lets take a look.
    Exterior Features

    Construction Existing Lot Square Footage 6969.60

    Interior Features

    Leasable Sqft 4816 Total Finished Square Footage 0

    Property Features

    Annual Tax 3714 Commercial Property Sub Type ResidentialRestaurantRetail Improvements 100000 Land Assessment 33100 Sign Yn No Township New Albany Type Of Poss Sale Arms Length Variable Rate Yn No

    Listing courtesy of Mike Kopp at Re/Max First-Commercial Group.


    © 2018 Southern Indiana Realtors Association. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Paxton Group. Data last updated: 2018-05-25T10:04:48.323.
     
    The Paxton Group
    4317 Charlestown Road, Suite 3
    New Albany IN, 47150