301 E Elm Street,New Albany, IN 47150
New Albany, IN 47150
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.
Details
| MLS # | 2026010061 |
|---|---|
| Listing Type | For Sale |
| Style | Office |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 46 |
| Listing Provided By | Lopp Real Estate Brokers | Todd Paxton |
Features
| Acreage | 0.71 |
|---|
Taxes
| Tax Annual Amount | 17201 |
|---|
Area Information
| State | IN |
|---|---|
| County | Floyd |
| City | New Albany |
| Zip Code | 47150 |
| Listing VS Median (in 47150) | |
Price: $1,250,000 low | high Med: $249,450 On site: 46 low | high Med: 12.5 | |
Market Activity 47150
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Learn More About This Property
| State | IN |
|---|---|
| County | Floyd |
| City | New Albany |
| Zip Code | 47150 |
| Listing VS Median (in 47150) | |
Price: $1,250,000 low | high Med: $249,450 On site: 46 low | high Med: 12.5 | |