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(SOLD) $375,000

941 State Street New Albany, IN  47150

  • 3,880 sq. Ft

Property Description for 941 State Street New Albany, IN 47150

Built in 1840, the Old Pike Inn stands at 941 State Street, an important road in New Albany's early history. Originally called the New Albany-Vincennes Road, it followed the path of the Buffalo Trace, a series of buffalo trails used by the early settlers, and became an important corridor for overland trade. This property has been meticulously renovated into two office spaces and three apartments fully occupied. Old Pike Inn is listed on the National Register of Historic Places. There are 3 HVAC systems, a new roof in 2023, new carpet and paint in two apartments in 2022. All leases are month to month. There's an abundance of parking in the off-street parking lot plus spaces behind the building that provide plenty of parking for the tenants and the public. The property is zoned Mixed Use Corridor Commercial. Profit & Loss Statement available to qualified buyers. This is a rare opportunity to own a profitable piece of history with apx. 4000 sq. ft. of leasable space. Call the list agent for additional details. Sq ft approx. Property has two parcels. Taxes and assessment include the separate parcel number information.

Address:941 State Street New Albany IN 47150
Status:Sold
Sold On: 3/5/2024
Price:$375,000
Bathrooms:0
Sq. Feet:3,880
Year Built:1840
Lot Size:0.20
County: Floyd
Township: New Albany
MLS #:2023011001
Property Type:MultiFamily

Lot Dimensions:8668.44
Directions:State Street close to Ealy Street and Union Street
Total Sq. Ft. :3,880
Sq. Ft. Source:Assessor

Loan Price
$2,538
Price And Interest $1,956/month
Property Tax $426/month
MTG INS $0/month
HOME INS $156/month
Price
$375,000
Down Payment %
0 %
Down Payment
$0
Property Taxes
$426/month
Home Owner Insurance
$1,872 / year
HOA Dues
$0 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS

Semi-Annual Property Tax:$2,554
Mandatory HOA Fee:$

Zip Code:47150

Total Sq. Ft.:3,880
Tucker Customer Care, REALTOR®/Broker, F. C. Tucker Company
Tucker Customer Care
Additional Phone (317) 954-4768
F.C. Tucker Company

Schools in 941 State Street New Albany, IN  47150


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Listing provided courtesy of Terri Jordan with Schuler Bauer Real Estate Services ERA Powered (N

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program. Real estate listings held by IDX Brokerage firms other than F.C. Tucker Company include the name of the listing IDX broker. This information is provided exclusively for personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The broker providing this data believes it to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Information deemed reliable but is not guaranteed.



New Albany Market Report

227
Avg. DOM
$166.75
Avg. $ / Sq.Ft.
$ 274,950
Med. List Price

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