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623 East Spring Street

New Albany IN 47150

2864 sq. ft.
2613.6 sq. ft.
Duplex
Currently for sale - view listing

Overview

Exceptional redevelopment opportunity in the heart of thriving downtown New Albany! Situated on a highly visible stoplight corner, this prominently located commercial building offers incredible potential for investors, developers, or owner-users. Previously configured with professional office space on the main level and apartments on the second floor, the property provides the flexibility to restore its previous mixed-use layout or reimagine the building as all residential apartments (subject to any required approvals). Located within the East Spring Street Historic District, this property combines historic character with an irreplaceable location; close proximity to: restaurants, shopping, entertainment, and ongoing downtown investment. The building appears to have solid bones but will require renovation, making it an ideal value-add project with significant upside. Rare opportunities like this in downtown New Albany don't come along often!

Features

2864 sq. ft. floor area
2613.6 sq. ft. lot size
Duplex

Property history for 623 East Spring Street

2021
Sold
$123,072
12 Nov 2021

Happy sellers in New Albany

~%

We have insufficient information to provide an overview of customer satisfaction for New Albany. Viewing the agent profiles, reviews and sales for New Albany can provide insights for this location.

Local market activity for duplexes in New Albany

In the last 12 months, 11 duplexes similar to 623 East Spring Street, have been sold.

This represents a 25% increase in duplexes sales when compared to the previous 12 months.

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Sales:
(619) 566-0008
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