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1416 Broad St

40,320 SF 100% Leased Office Building New Castle, IN 47362 $299,900 ($7/SF)

Office Space Indiana New Castle 1416 Broad St, New Castle, IN 47362

Investment Highlights

  • Sold "as is"
  • Functioning elevators in building

Executive Summary

Originally home to Sears & Roebucks, this is a historic building that has long been a staple landmark in our community. This grand structure spans an impressive 40,000 square feet, with 25,000 square feet thoughtfully finished for office space.

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Building Size
40,320 SF
Building Class
C
Year Built
1920
Price
$299,900
Price Per SF
$7
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
10,000 SF
Building FAR
0.85
Lot Size
1.09 AC
Zoning
Commercial - Commercial
Parking
75 Spaces (1.84 Spaces per 1,000 SF Leased)
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PROPERTY TAXES

Parcel Number 33-12-10-440-250.000-016 Improvements Assessment $47,200
Land Assessment $11,300 Total Assessment $58,500

PROPERTY TAXES

Parcel Number
33-12-10-440-250.000-016
Land Assessment
$11,300
Improvements Assessment
$47,200
Total Assessment
$58,500
(765) 521-9464

Contact

  • Listing ID: 30015615

  • Date on Market: 11/9/2023

  • Last Updated:

  • Address: 1416 Broad St, New Castle, IN 47362

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1416 Broad St
(765) 521-9464 x

1416 Broad St

Mike McKown

(765) 521-9464

(765) 521-9464

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