301 E Elm St, New Albany, IN

Name: 301 E Elm St, For Sale in New Albany - Zoocasa
Brand: Lopp Real Estate Brokers
SKU: 202609119
Price: 1495000 USD

House

For Sale

Listed price in listed location currency (USD).

$1,495,000

000

MLS® 202609119

Overview

Key Facts

Type Office

Levels Commercial Sale

Size -

Garage

Taxes $17,201

Days Active 0

Lot Size 0.71 Acres

Approx. Age

MLS® Number 202609119

Property Address: 301 E Elm St, New Albany, IN, 47150-3430

Average square foot calculated using Size range provided by listing agent.

Description

Located in the heart of downtown New Albany, 301 E Elm St offers a rare opportunity to acquire a ±10, 702 SF office building with approximately 49 off-street parking spaces, a significant competitive advantage for the submarket. The property is currently vacant, making it ideal for an owner-user, or an investor seeking to reposition or lease up a well-located downtown asset. The building’s layout supports single-tenant or multi-tenant configurations, with flexibility for professional office, medical, creative office, or adaptive reuse concepts (buyer to verify zoning and use). Positioned within an Opportunity Zone, the asset may provide meaningful tax advantages for qualifying investors. The surrounding downtown corridor continues to benefit from ongoing revitalization, strong local amenities, and proximity to Louisville via nearby bridges. With strong visibility, walkability to restaurants and services, and parking that exceeds typical downtown offerings, this property presents a compelling value-add or owner-occupant opportunity in a growing Southern Indiana market. The property is located in a federally designated Opportunity Zone. The designation has been confirmed using the U.S. Treasury Opportunity Zone map and third-party mapping tools commonly used by CPAs and Opportunity Funds. Verification materials are available upon request.

MLS® Number202609119

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age

Basement

Driveway

Garage Spaces

Heat

A/C

Extras

Map

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