809 Talaina PlNew Albany, IN 47150

Property Details for 809 Talaina Pl

Year built

2008

Construction

TYPE NOT SPECIFIED

Lot size

3.97 AC

Property size (Sq ft)

9,000 SF

Property type

Medical offices

Property subtype

Medical centers

APN

22-05-08-401-252.002-008

APU

220508401252002008

Description

This exceptional 2,600 square foot retail space is perfectly situated in New Albany, Indiana, at 809 Talaina Pl, zip code 47150, within Floyd County. The property offers a single-tenant occupancy and is currently vacant, presenting a unique opportunity for immediate business establishment. Its strategic location near the I-265 and Grant Line Road interchange ensures high visibility and accessibility, benefiting from significant traffic flow. The property's proximity to established businesses such as Coffee Crossing, Domino's, McDonald's, Arby's, and Taco Bell provides a synergistic environment and established customer base. This location is particularly advantageous due to its proximity to Indiana University Southeast, tapping into the substantial student population, and the strong workforce presence in the area, creating a diverse and robust customer pool. The potential for additional patio space further enhances the property's appeal and functionality, offering flexibility for various retail concepts. This is a rare opportunity to secure a prime retail location in a thriving area with excellent visibility and access. The property is classified as commercial retail and is a single-tenant space.

• CAP approach

  CAP return

  Valuation

  6%

  $1,110,191

  6.5%

  $1,024,792

  7%

  $951,592

• Comparable approach

  Method

  Valuation

  Relative Method

  $774,720

  Geo Method

  $774,720

• Alternative Use

  Use

  Valuation

  Residential

  $1,270,742

  Hospitality

  $1,163,992

  Educational

  $968,428

  Medical

  $1,001,734

  Retail

  $1,506,444

Location Insight

City

New Albany

County

Floyd

State

Indiana

Latitude

38.3391

Longitude

-85.8154

CBSA code

31140

CBSA name

LOUISVILLE-JEFFERSON COUNTY, KY-IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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