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State Street Office Complex Online Auction

SOLD

Real Estate — $419,100

Premium Included

STARTING DATE

2:00 pm
Wednesday, June 3

ENDING DATE

2:00 pm
Wednesday, June 10

* Extended Bidding
LOCATION

1604 State Street
New Albany, IN  47150

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Buyer's 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

Contact us for private showing

Seller

Gary W. and Carolyn A. Selfridge

Selling online at auction a prime two-building commercial office complex located on the important high traffic State Street corridor two blocks south of hospital and minutes to downtown and expressways. The two-building complex includes a 19-space parking lot and is located in the business district of New Albany on the corner of State Street and Conner Street and is zoned “Mixed Use Corridor Commercial” (MC). A premier opportunity to occupy, develop, or invest in.

COMMERCIAL REAL ESTATE

  • Two Commercial Free-Standing Buildings
  • Furnished And 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)

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 two-building commercial office complex completely furnished and together as one unit. 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 between the two buildings. The buildings sit on a 108’ x 120’ corner lot and include a large private parking lot with 19 parking spaces.

1604 STATE STREET

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. This building will sell completely furnished with office furniture, 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.

  • Duke Energy
  • Vectren Gas
  • Indiana American Water
  • New Albany Sewers

REAL ESTATE TAXES 2019/2020 Annual

New Albany Township

  • 1604 State Street — $3,209.64
  • 1600 State Street — $2,126.64

EXEMPTIONS

  • None
MAX BID

Place your max bid and let the system bid for you. In the event two bidders have placed identical max bids, the first bid received will be the successful bid.

EXTENDED BIDDING

To prevent bid sniping, last-minute bids will extend individual lots using our ‘soft-close’ functionality.

  • If a bid is placed in the last 10 minutes, the lot will remain open for an additional 10 minutes.
  • If any further bidding occurs, the extension timer will reset to 10 minutes.
  • If no further bidding occurs, the lot closes when the timer runs out.

Directions

I-265 to State Street Exit #0. South 1 mile to property on left or 1 mile North of downtown.

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