Auction Information
Online Bidding Site3.46 Acres in New Albany, IN
Property Highlights
3.46 Total Acres | 1.90 AC Retail Center on Grant Line Road + 1.56 AC Undeveloped Land on Graybrook Lane.
19,581 SF multi-tenant strip center anchored by AutoZone
Three remaining suites vacant major lease-up or redevelopment upside
Investment Advantages
Anchor stability: AutoZone provides immediate, durable income from a nationally recognized, investment-grade tenant.
Value-add: Three remaining suites are vacantprime opportunity to execute a lease-up plan or pursue re-tenancy/repositioning to modern service retail/medical/quick-serve.
Expansion/redevelopment flexibility: Steel-reinforced construction and deep parking fields support future expansion scenarios, drive-thru additions, or outparcel concepts (subject to approvals).
Visibility & accessibility: Prominent Grant Line Rd exposure with dual access (Grant Line & Graybrook), close to rooftops, schools, and dail...
Visibility & accessibility: Prominent Grant Line Rd exposure with dual access (Grant Line & Graybrook), close to rooftops, schools, and daily-needs traffic.
Operational basics in place: Public utilities, 14' wall height, extensive asphalt paving, canopy, and straightforward single-story retail layout.
Court-supervised certainty: Chapter 7 free-and-clear sale process (per Trustee motion) provides clean conveyance and defined closing timeline.
Location Details
Prime frontage on Grant Line Road, New Albanys dominant retail corridor
Minutes from I-64, I-265, downtown New Albany, and Jeffersonville
High daily traffic counts, ample parking, and strong consumer base
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