$330,000 $1,874 est/mo Sourced by Back At You
1702 Graybrook Lane,New Albany, IN 47150
New Albany, IN 47150
Description
Premier downtown redevelopment parcelnearly 2 acres in heart of New Albany adjacent to golf course. MUR - zoned multi-use residential. Historic 1930 restaurant building and ancillary structures recently severely damaged by fireserves to significantly reduce demolition costs for Site positioned for residential redevelopment. Strong location with established infrastructure. Single-family or alternative uses per zoning. Offered at substantial discount for immediate acquisition. Perfect for investor-developer seeking value-add downtown project. Property recently burned; structure compromised with significant fire damage. Demolition not yet started.
Details
| MLS # | 202609679 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1930 |
| Days On Site | 96 |
| Listing Provided By | Real Estate Go To | Sharon Handy |
Features
| Zoning | Residential |
|---|---|
| Acreage | 1.98 |
| Golf Course | Yes |
Parking
| Garage Yes / No | No |
|---|
Taxes
| Tax Annual Amount | 4657 |
|---|
Location
| Community Features | Golf, Playground |
|---|
Area Information
| State | IN |
|---|---|
| County | Floyd |
| City | New Albany |
| Zip Code | 47150 |
| Area | Downtown |
| Listing VS Median (in 47150) | |
Price: $330,000 low | high Med: $248,450 On site: 96 low | high Med: 114 | |
Market Activity 47150
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Learn More About This Property
| State | IN |
|---|---|
| County | Floyd |
| City | New Albany |
| Zip Code | 47150 |
| Area | Downtown |
| Listing VS Median (in 47150) | |
Price: $330,000 low | high Med: $248,450 On site: 96 low | high Med: 114 | |
Listing Updated: August 1, 2026 at 10:45:40 AM PDT