W 5th & Market Corner Site | Flat Paved, Near Shovel-Ready

Starting Bid: $50,000

Auctioneer: Bryan P. Jackson

Auctioneer Company: c/o Fisher Auction Company Inc.

Auctioneer License: AU09100175

• Corner Infill Site at W 5th and W Market St: Frontage on both W 5th St and W Market St within an existing downtown commercial corridor.

• D-Downtown Zoning Supports a Broad Use Mix: Permits commercial, hospitality, office, medical, wellness, restaurant, and entertainment uses.

• Flat Paved Lot With Utilities at the Street: Water, sewer, and gas run along the street to nearby businesses; site is near shovel-ready.

• Immediate I-64 Access Across From Louisville: Just west of I-64 in downtown New Albany, directly across the Ohio River from downtown Louisville

Brokered by Marcus & Millichap and powered by RealINSIGHT Marketplace, W 5th St, New Albany, IN 47150 is a 0.51-acre (22,215 SF) fee simple urban infill development site at the intersection of W 5th St and W Market St in downtown New Albany, directly across the Ohio River from downtown Louisville. The single-parcel site is a flat paved lot with frontage on both streets, and water, sewer, and gas run along the street serving nearby businesses, positioning it as near shovel-ready. D-Downtown zoning permits a broad range of commercial, mixed-use, hospitality, office, medical, wellness, restaurant, and entertainment uses, giving a buyer flexibility to pursue boutique hospitality, office, retail, or entertainment concepts in a district with limited developable land. Buyers should note that the City of New Albany has a temporary moratorium on new non-owner occupied multifamily residential uses pending a zoning ordinance update anticipated later this year. The site sits just west of I-64, half a block from approximately 5,000 VPD on W 5th St at W Spring St, within a walkable district of restaurants, breweries, boutique retail, and entertainment venues. More than 420,000 residents live within a 10-mile radius, and the broader Louisville MSA of 1.3M residents is anchored by UPS Worldport, Humana, Ford, and Norton Healthcare.

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