624 State Street New Albany, IN $ 2,850,000
624 State Street
$ 2,850,000
Recently Listed
Share Save

624 State Street

New Albany, IN, 47150
$ 2,850,000
Bedrooms-- Baths--

Monthly Estimate*

$ 17,995

624 State Street, New Albany, IN 47150 - Image 1
624 State Street, New Albany, IN 47150 - Image 2

Commercial Property for sale in New Albany, IN

for $2,850,000. This building was built in 1949 on a lot size of 1.337.

Excellent commercial investment opportunity offering three solid leases, $220,000 in annual net operating income, and an asking price reflecting a nearly 8% capitalization rate. Situated on a corner lot in a high-traffic area, this property features strong visibility and ample parking. The lease portfolio includes Dollar General with five years remaining, national tenant Bumper to Bumper, and a master lease guaranteed by the current owner for five years. Investors also have the opportunity to place their own tenant in the master-leased space at a higher rental rate, creating potential for increased income and long-term value. An attractive combination of established tenants, income stability, and leasing upside. All lease details are on file and are available upon request

See more

Commercial Active

Price

$ 2,850,000

Property Type

Commercial

Taxes

$ 19,558

Style

Lot Size

1.337

Year Built

1949

Town/City

New Albany

County/Region

Floyd

MLS | Web ID

2026011996

Features
General
Architectural Style Modular/Prefab
Year Built 1949
Township New Albany
Property Subtype Retail
County Floyd
New Construction false
Property Type Commercial Sale
Status Active
City New Albany
Lot Size Units Acres
Lot Size Square Feet 58239.72
Tax Annual Amount 19558
Property Condition Resale
Standard Status Active
Occupancy Type Tenant
Property Sub Type Additional Retail
See more
Exterior
Lot Size Area 1.337
Building Area Total 26812
Lot Size Acres 1.337
Lot Size Source Assessor
See more
* Excluded Features
List By
Missie Hayden

Listing Agent

Bhg Realty

Broker

missie@thebhgrealty.com

Email

Affordability Calculator

$19,625
Per Month
92%
8%
0%
Monthly Principal & Interest
$17,995
Monthly Property Taxes
$1,630
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

The time to sell is now
THE TIME TO SELL IS NOW! What's my home worth?
Nearby
0 Elementary School
0 Middle School
Pricing History
DatePricePrice ChangeDescription
9/22/2026$2,850,000 Listed Price

Map


See all

624 State Street, New Albany, IN, 47150 is a Commercial Property for sale at $2,850,000 with a lot size of 1.337. 624 State Street was built in 1949. The property's zip code is 47150 which is in New Albany, IN