60
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$1,950,000
Est. payment /mo
9,583 Sqft Lot
Active
222 Pearl ST New Albany, IN 47150
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UPDATED:
12/02/2024 03:43 PM
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
MLS Listing ID 2024012453
Construction Status Resale
Year Built 1919
Annual Tax Amount $14,732
Lot Size 9,583 Sqft
Acres 0.22
Property Description
A rare and historic opportunity. The White House, a department store from 1909-1977 is an iconic landmark. Develop New Albany made it a major focus of their early downtown development efforts, the city secured the structure, and John Waggoner redeveloped the entire building into Class A office space and street level retail storefronts. A canopy entrance, an inner vestibule, and a lobby welcomes guests into the building and the two retail storefronts. Mr. Waggoner created a mezzanine above and a dramatic vault that soars over the main floor. Interior facades created from extensive millwork, French doors, and transom windows lettered in gold define individual office suites of 2 or more rooms each. There are seven of these on the first floor and each has the potential to be rented separately or in combination. The second floor features more formal corporate office trimmings with several executive office suites, a glass, mezzanine conference room and a call center. And all the way at the top, another rental opportunity with a full floor of offices, reception area, waiting area, thoughtfully designed offices and a space for 8 cubicles. With over 25,000 ft above grade, the building features front and rear egress stairwells, sprinkler and fire safety systems, and an elevator. Each floor features 3 newer HVAC systems, data/server room with fiber optic networking, two bathrooms, break rooms, and electronic key fob. Current tenants are under lease and financials are available.
Location
State IN
County Floyd
Area Downtown
Direction In Historic Downtown New Albany on Pearl St between Market and Main Streets
Interior
Fireplace No
Exterior
Present Use Hotel/Motel,Office,Retail
Building
New Construction No
Construction Status Resale
Others
Tax ID 220500200262000008
Listed by RE/MAX Advantage