The White House

Highlights:

• Average Occupancy Rate: 66.0
• Age: Over 50 Years Old

Description:

• Three-story, elevator-served building totaling approximately 18,000± SF of leasable area, plus common areas and a substantial full basement
• 1st retail and office space fully leased 2nd floor fully leased 3rd floor office vacancy offering immediate value-add opportunity
• Dramatic mezzanine lobby with historic architectural character
• Front and rear emergency stairwells, 2 commercial restrooms per floor, server room on each floor with fiber optic connectivity
• Well-positioned for investors seeking stable tenancy, historic identity, and upside through lease-up or adaptive reuse

The Kiger Group presents a rare opportunity to acquire an updated partially stabilized, mixed-use landmark asset, The White House in the heart of New Albany’s historic commercial corridor. Originally constructed in 1909 and operated as a regional department store through 1977, The White House is an iconic three-story, elevator-served building totaling approximately 18,000± SF of leasable area, plus common areas and a substantial full basement.
The first-floor retail and office space and the entire second floor are fully leased, providing in-place income and occupancy stability. The third floor offers immediate value-add potential with available office space suitable for professional users, call center operations, creative office, or potential residential conversion (subject to zoning).
The building features a dramatic mezzanine lobby, dual front and rear emergency stairwells, two commercial restrooms per floor, dedicated server rooms on each level, and fiber optic connectivity. Existing infrastructure supports call center configurations on the second and third floors.
Positioned for investors seeking a well-located mixed-use asset with strong historical identity, stable tenancy, and upside through lease-up or adaptive reuse.

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Listing ID: f8a5a931-cff8-40bf-9bca-ea7eb1c4c499