New Albany Retail for Sale
Interstate Certification of I-22 plus the MS DOT Highway program are major long term drivers of economic growth supporting Net Leasing cash flows at 712 Coulter Dr; this site represents a strong investment-sale opportunity with meaningful upside potential for redevelopment or adaptive reuse. Positioned on approximately 1.20 acres at the corner of Coulter Dr and Coulter Cove, the site features a ±5,910 SF single-story commercial building and a valuable 60-foot curb cut providing exceptional ingress and egress directly into the property. Its immediate proximity to I-22 (Exit 61) and MS-30 W delivers outstanding visibility and high-volume traffic capture—ideal conditions for investors targeting food service, specifically a national or regional chain (e.g., Chick-fil-A). Another benefit is the lack of national chains in the New Albany area, with less than 20 national brands within the town. Importantly, the property also benefits from proactive city support, creating a uniquely advantageous environment for investors planning future enhancements, redevelopment concepts, or brand-specific build-outs.
Alternatively, the building may be taken as-is. The existing ±5,910 SF commercial structure—situated on a prominent 1.2-acre corner lot just off Interstate I-22 Exit 61—includes a vacant corner lot and resides in a commercially dense area surrounded by major national retailers. Its excellent visibility, ease of access, ±14 offices, multiple conference rooms, storage rooms, and welcoming reception area make it well-suited for a large staffed office or multi-tenant workspace. The floorplan subdivides cleanly, allowing flexible shared-space configurations.
This location is exceptionally well-positioned for future QSR development or medical office conversion due to its interstate exposure, adjacency to multiple food operators, and established retail anchors. The surrounding corridor draws heavily from Oxford and Ole Miss, reinforcing its long-term viability with steady traffic and consistent customer flow. National brands within a 1–2 mile radius—including Hampton Inn New Albany, Walgreens, Best Western New Albany, Walmart Supercenter, and Baptist Memorial Hospital – Union County—further support sustained demand and operational success. Layered on top of these advantages, the City’s demonstrated willingness to offer proactive city support provides buyers with a strategic benefit for future repositioning of the site.
