207-209 E Main Street, New Albany, IN 47150
sale
$1,590,000
|
Other
Courtesy Of Coldwell Banker McMahan
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.
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Property Features
- Age: Over 50 Years Old
- Building Units: 5
- Legal Description: P.93 PRT. L.18-20 207 E. MAIN ST.
- MLSID: 202608604
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