428 VINCENNES ST, New Albany, IN 47150

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Building Details:

• Year Built: 1893

428 VINCENNES ST is located in New Albany, IN.

2 parcels, 426 vacant lot (22-05-02-801-902.000-008) & 428 bldg. (22-05-02-801-901.000-008) 3570 sf plus a 625sf storage/utility/mechanical room in the basement. That’s 4195sf in all. 3570 leasable.

What an exclusive place this is. Renovated to the bones I tell ya! Purchased in 2005 and then completely renovated in 2006. It has since served the current owner as his medical office. If you’re looking for a place to work and live, this is it! Character galore and has the charm and feel of a historic establishment while offering the comfort and expectation of today’s amenities of plumbing, electrical and HVAC. It’s all done for you already. Buy it and move in. Hec you can live upstairs and lease out the first floor as it can be your income generator allowing for 1960sf to be leased and how great would that be? Even at $10 psf NNN you could bring in $1650-1900/m on the first floor. Investors can lease out both the apartment upstairs offering 1610sf a large unit and bring in a good $900-1000/m or more if marketed to young professionals. Easily covers the mortgage, insurance and taxes. You can’t get any better than this I mean at our $215k price that’s about (60) sixty bucks a square completely renovated so this place is priced at an absolute premium.

Located on a very visible corner and on a central vein of Vincennes near the main vein of Spring. Near the high school and surrounded nearby with other commercial retail activity, event venue, restaurants (to include a donut shop for the occasional sweet tooth craving), cleaners, drugstore, pub, sporting goods store, services that include home interior designers, boutique and consignment shops, salons, tanning and much more.

The building is a 2 story unit with separate access and also offers the availability of connecting the space if desired as the door is in place near the rear and also the front of the office area. You have a chose. The 1st floor has a main entrance from Vincennes Street and a staff entry to the rear with parking at the rear of the building and street parking is also at the door. You have 6 exam rooms that offer a high-end finish (see pictures), the seating area and sign in or registration window office again offer a very professional presence and feel.

On the 2nd floor you have what has been used by the doctor as 4 offices. However, it would provide some excellent living space as it has a fireplace, full bathroom, full kitchen, split and separate entrances and utilities as well. This is the place for someone that needs the professional office close to home, real close. Though it has been used as medical, it could serve many other professions to include yours.

Lets close this deal and a deal it is!