Online Only Absolute Auction: Retail Center on 3.46 AC in New Albany, IN

Absolute Auction

Auction Opens: Friday, November 14th at 10AM EST
Auction Ends: Monday, November 24th at 7PM EST

Location: 1931 Grant Line Road & Greybrook Lane, New Albany, IN 42501

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 vacant—prime 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 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 Albany’s dominant retail corridor
• Minutes from I-64, I-265, downtown New Albany, and Jeffersonville
• High daily traffic counts, ample parking, and strong consumer base

10% Buyer’s Premium Added 10% Buyer’s Premium Added to Final Bid Price to Final Bid Price. Property Sells AS-IS, Non- Property Sells AS-IS, Non-Contingent Contingent. Closing On or Before 45 Days Closing On or Before 45 Days. Free and Clear of All Liens and Free and Clear of All Liens and Encumbrances.