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1617 State St 2,800 SF of Flex Space Available in New Albany, IN 47150
Highlights
- High-visibility store frontage on State St. with steady local traffic
- Private Parking
- Recently updated and turn-key interior
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 2,800 SF | Negotiable | $16.60 CAD/SF/YR $1.38 CAD/SF/MO $46,489 CAD/YR $3,874 CAD/MO | Triple Net (NNN) |
1st Floor
.
- Lease rate does not include utilities, property expenses or building services
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Property Facts
| Total Space Available | 2,800 SF | Gross Leasable Area | 2,800 SF |
| Property Type | Retail | Year Built | 1975 |
| Property Subtype | Freestanding |
| Total Space Available | 2,800 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 2,800 SF |
| Year Built | 1975 |
About the Property
Position your business for success in this beautifully updated, turn-key 2,800 SF commercial space located directly on high-visibility State Street in New Albany. With eye-catching storefront frontage and exceptional daily traffic counts, this versatile property is ideally suited for a high-end salon, medical practice, law office, insurance agency, or professional retail operation. The interior has been thoughtfully updated, helping minimize build-out time and upfront costs while providing a modern, flexible layout that can be easily adapted to meet your specific operational needs. Clients and employees will appreciate the convenience of dedicated private parking spaces located behind the building, an added benefit for businesses where accessibility and customer experience are essential. For added long-term flexibility, a First Right of Refusal option for the lease** is available, providing tenants with an opportunity to secure the property in the future. Competitive **owner financing options may also be available, creating an attractive path for businesses looking to establish a long-term presence in a high-visibility New Albany location. High visibility. Turn-key condition. Flexible use. Long-term potential. This property offers an exceptional opportunity to establish or expand your business in one of New Albany’s prominent commercial corridors
- Freeway Visibility
- Tenant Controlled HVAC
Nearby Major Retailers
Presented by
Hawkins Robin
1617 State St
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