Item 1
413 W. 1st Street, New Albany, IN
Ended
Timed Auction
Downtown Commercial-Residential Zoned Building Online Auction
Selling online a prime downtown New Albany 1,904 square foot building, formerly the law office of the Honorable Judge James B. Hancock. This property is located just 1⁄2 block north of the Floyd County Courthouse, in a pedestrian-oriented environment just minutes to I-64 Sherman Minton Bridge.

PROPERTY HIGHLIGHTS

* Prime Downtown Southern Indiana Location
* 2-Story Brick & Siding Building
* 1st Floor - 1,136 Square Feet
* 2nd Floor - 768 Square Feet
* 5 Offices - Conference Room - 2 Baths
* Rear Paved Parking Lot with Alley Access
* Zoned Downtown District (D)
* Area of Commercial & Governmental Growth
* ½ Block North of Floyd County Courthouse
* Near New Albany’s Restaurant District
* Minutes to I-64 Sherman Minton Bridge
* 5 Miles to Downtown Louisville
* Unlimited Potential

413 W. 1ST. STREET, NEW ALBANY

Located in the downtown district with an array of local restaurants, government office buildings and businesses nearby, this turn of the twentieth century two-story siding building with brick addition features 1,136 square feet on the first floor, 768 square feet on the second floor, stairs to a 3rd floor attic and a partial utility basement on a 25’ x 110’ lot. The property includes a 25’ x 37’ paved parking lot with rear alley access - adjacent to the Floyd County Library. The building has gas heat, central air plus 2 window air conditioning units upstairs. Unlimited potential, ready to use or renovate to meet your business or personal needs.

All furniture and equipment included except burgundy leather sofas & chairs.

FIRST FLOOR

* 1136 Square Feet
* Waiting Room
* Receptionist Area
* 3 Offices
* Half-Bath
* Front, Rear & Side Entrances
* Rear Accessible Ramp

SECOND FLOOR

* 768 Square Feet
* Conference Room
* Built-In Bookcases
* 2 Offices
* Half-Bath

ZONED DOWNTOWN DISTRICT
The Downtown (D) District is intended for the expansion of residential, employment, Governmental, and recreational uses currently found within the downtown area to continue its revitalization and create a high-quality pedestrian-oriented environment. Commercial uses, office space, residential uses, and compatible light industrial uses are appropriate in this district. * Chapter 4 Page 14-15 in New Albany Zoning Ordinance

NEARBY BUSINESS DISTRICT
The Floyd County Library
Floyd County Courthouse
New Albany Police Department
Floyd County Sheriff’s Department
Lee Hamilton Federal Courthouse

AREA FEATURES
https://developnewalbany.org/
https://www.gosoin.com/

UTILITIES
Duke Energy
CenterPoint Gas
Water Indiana American Water
New Albany Municipalities Sewers

REAL ESTATE TAXES (2023-2024)
New Albany City (Annual) — $2,562.10

FLOOD ZONE
FEMA Protected by Levee

LEGAL DESCRIPTION
P. 168 N 25' OF S 26' L.26 TIF

PARCEL
22-05-00-200-807.000-008

SCHOOL CORPORATION
New Albany-Floyd County Consolidated
Item Updates
BUYERS PREMIUM 10% Buyer’s Premium added to the hammer bid price to determine the final purchase price. REAL ESTATE TERMS A non-refundable down payment, 10% of the Purchase Price (Final Bid + Buyer’s Premium), in the form of cash, check, or wired funds in USD are due within 24 hours following the auction, balance due in 40 days. Buyer to receive clear title. Taxes prorated to the day of closing. Selling as is without contingencies, all inspections welcomed prior to auction. If you choose to obtain financing, not subject to approval or appraisal. All closing costs are the buyer’s expense. Possession at closing. See full details in the Auction Bid Packet. OPEN INSPECTION Thursday, August 1, 11:00 AM - 1:00 PM, Thursday, August 15, 11:00 AM - 1:00 PM or contact us for a private showing. PROPERTY LOCATION 413 W. First Street, New Albany, IN 47150 SELLER James B. Hancock DIRECTIONS From Downtown take State Street to W. Spring Street to right on West 1st Street. Property on left.
Condition
AS-IS