Sold
$381,000
Timed Auction
State Street Office Complex Online Auction
RESERVE MET Selling today to the highest bidder!
COMMERCIAL REAL ESTATE
After 48 years of serving Southern Indiana, Selfridge and Associates, Inc. have merged their insurance agency with the Callistus Smith Agency in Floyds Knobs and will be selling their office complex together as one unit including two buildings, large parking lot and office furnishings. Located on the State Street corridor which runs 2.3 miles, is the north-south connector in the City of New Albany. Along this corridor are businesses, residences, and medical including the Baptist Health Floyd Hospital. This complex includes a 3580 square foot brick office building built in 1972 and a 1226 square foot dwelling used for storage connected by a covered walkway. The buildings sit on a 108’ x 120’ corner lot and include a large private parking lot with 19 parking spaces.
PROPERTY HIGHLIGHTS
* Two Commercial Free-Standing Buildings
* Furnished - Selling Together as One Unit
* 108’ x 120’ Corner Lot
* 19 Private Parking Spaces
* 3,580 SF Brick Building
* Client Meeting Rooms, Private Offices on 2 Levels
* Large Kitchen and Bathrooms
* 1,226 SF Former Residential Dwelling
* Close Proximity to Eateries, Banks, Medical, and Other Offices
* Easily Accessible to I-64 and I-265
* Zoned Mixed Use Corridor Commercial (MC)
1604 STATE STREET (Office)
A prime Floyd County location in a busy commercial district one mile from downtown and expressways. Built in 1972, this brick office building features 3,100 square feet on the first level that includes seven private offices, two conference rooms, equipped kitchenette, men and women’s restrooms, and a reception area with a cathedral ceiling. The second floor features 480 square feet and includes two offices, a full bath, and a conference room. The building is equipped with office furniture, an NEC phone system, Honeywell Alarm System, and a Lorex Video Surveillance System. The building has accessible features, natural gas heat, and central air.
1600 STATE STREET
Circa 1920’s vinyl siding 1,226 square foot 5-room bungalow formerly a residential 2 bedroom - 1 bath home currently was used for an office record storage facility. The dwelling is in need of renovation and could easily be used as a residential rental or commercial office space.
ZONING
Mixed-Use Corridor Commercial (MC)
AUCTION ORDER
1600 & 1604 State Street will be offered together as one unit and will include all furnishings.
UTILITIES
Duke Energy
Vectren Gas
Indiana American Water
New Albany Sewers
REAL ESTATE TAXES
2019/2020 Annual New Albany City
1604 State Street -- $3,209.64
1600 State Street -- $2,127.84
EXEMPTIONS
None
COMMERCIAL REAL ESTATE
After 48 years of serving Southern Indiana, Selfridge and Associates, Inc. have merged their insurance agency with the Callistus Smith Agency in Floyds Knobs and will be selling their office complex together as one unit including two buildings, large parking lot and office furnishings. Located on the State Street corridor which runs 2.3 miles, is the north-south connector in the City of New Albany. Along this corridor are businesses, residences, and medical including the Baptist Health Floyd Hospital. This complex includes a 3580 square foot brick office building built in 1972 and a 1226 square foot dwelling used for storage connected by a covered walkway. The buildings sit on a 108’ x 120’ corner lot and include a large private parking lot with 19 parking spaces.
PROPERTY HIGHLIGHTS
* Two Commercial Free-Standing Buildings
* Furnished - Selling Together as One Unit
* 108’ x 120’ Corner Lot
* 19 Private Parking Spaces
* 3,580 SF Brick Building
* Client Meeting Rooms, Private Offices on 2 Levels
* Large Kitchen and Bathrooms
* 1,226 SF Former Residential Dwelling
* Close Proximity to Eateries, Banks, Medical, and Other Offices
* Easily Accessible to I-64 and I-265
* Zoned Mixed Use Corridor Commercial (MC)
1604 STATE STREET (Office)
A prime Floyd County location in a busy commercial district one mile from downtown and expressways. Built in 1972, this brick office building features 3,100 square feet on the first level that includes seven private offices, two conference rooms, equipped kitchenette, men and women’s restrooms, and a reception area with a cathedral ceiling. The second floor features 480 square feet and includes two offices, a full bath, and a conference room. The building is equipped with office furniture, an NEC phone system, Honeywell Alarm System, and a Lorex Video Surveillance System. The building has accessible features, natural gas heat, and central air.
1600 STATE STREET
Circa 1920’s vinyl siding 1,226 square foot 5-room bungalow formerly a residential 2 bedroom - 1 bath home currently was used for an office record storage facility. The dwelling is in need of renovation and could easily be used as a residential rental or commercial office space.
ZONING
Mixed-Use Corridor Commercial (MC)
AUCTION ORDER
1600 & 1604 State Street will be offered together as one unit and will include all furnishings.
UTILITIES
Duke Energy
Vectren Gas
Indiana American Water
New Albany Sewers
REAL ESTATE TAXES
2019/2020 Annual New Albany City
1604 State Street -- $3,209.64
1600 State Street -- $2,127.84
EXEMPTIONS
None
Item Updates
COVID-19 PRECAUTIONS
The Harritt Group will follow social distancing and face mask recommendations. Inspection by appointment only. Video tours available upon request.
BUYERS PREMIUM
10% Buyer’s Premium added to the hammer bid price to determine the final purchase price.
REAL ESTATE TERMS
10% Non-refundable down payment in the form of cash, check or wired funds due within 24 hours following the auction, balance due in 40 days. Taxes prorated to the day of closing. Possession at closing. Selling as is without contingencies, all inspections welcomed prior to the auction.
INSPECTION
Call for a private showing.
SELLER
Gary W. and Carolyn A. Selfridge
DIRECTIONS
I-265 to State Street Exit #0. South 1 mile to property on left or 1 mile North of downtown.