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$1,950,000

222 Pearl Street New Albany, IN  47150

  • 25,300 sq. Ft

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Property Description for 222 Pearl Street New Albany, IN 47150

A rare and historic opportunity. The White House, a department store from 1909-1977 is an iconic landmark. Develop New Albany made it a major focus of their early downtown development efforts, the city secured the structure, and John Waggoner redeveloped the entire building into Class A office space and street level retail storefronts. A canopy entrance, an inner vestibule, and a lobby welcomes guests into the building and the two retail storefronts. Mr. Waggoner created a mezzanine above and a dramatic vault that soars over the main floor. Interior facades created from extensive millwork, French doors, and transom windows lettered in gold define individual office suites of 2 or more rooms each. There are seven of these on the first floor and each has the potential to be rented separately or in combination. The second floor features more formal corporate office trimmings with several executive office suites, a glass, mezzanine conference room and a call center. And all the way at the top, another rental opportunity with a full floor of offices, reception area, waiting area, thoughtfully designed offices and a space for 8 cubicles. With over 25,000 ft above grade, the building features front and rear egress stairwells, sprinkler and fire safety systems, and an elevator. Each floor features 3 newer HVAC systems, data/server room with fiber optic networking, two bathrooms, break rooms, and electronic key fob. Current tenants are under lease and financials are available.

Address:222 Pearl Street New Albany IN 47150
Status:Active
on site: 19 days
Price:$1,950,000
Bathrooms:0
Sq. Feet:25,300
Year Built:1919
Lot Size:0.22
County: Floyd
Township: New Albany
MLS #:2024012453
Property Type:Office

Lot Dimensions:9583.2
Directions:In Historic Downtown New Albany on Pearl St between Market and Main Streets
Total Sq. Ft. :25,300
Sq. Ft. Source:Appraiser

Loan Price
$12,213
Price And Interest $10,172/month
Property Tax $1,228/month
MTG INS $0/month
HOME INS $813/month
Price
$1,950,000
Down Payment %
0 %
Down Payment
$0
Property Taxes
$1,228/month
Home Owner Insurance
$9,756 / year
HOA Dues
$0 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS

Semi-Annual Property Tax:$7,366
Mandatory HOA Fee:$

Area: Downtown
Zip Code:47150

Total Sq. Ft.:25,300
Exterior Type:Frame
Tucker Customer Care, REALTOR®/Broker, F. C. Tucker Company
Tucker Customer Care
Additional Phone (317) 954-4768
F.C. Tucker Company

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Listing provided courtesy of Paul Kiger with RE/MAX Advantage

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

315
Avg. DOM
$157.22
Avg. $ / Sq.Ft.
$ 250,000
Med. List Price

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