Newburgh, Indiana: A Premier Destination for Commercial Real Estate

Introduction

Newburgh, Indiana, located in Warrick County along the Ohio River, offers a compelling landscape for commercial real estate (CRE) investors and professionals. Known for its vibrant community and strategic positioning near Evansville, Newburgh presents a range of opportunities across various commercial property types. Its diverse economy, supported by industries such as manufacturing and healthcare, enhances its appeal as a location for CRE development and investment.

Economic and Industry Overview

Newburgh's economy is anchored by key industries that drive demand for commercial properties:

• Healthcare: With the presence of major healthcare facilities like Deaconess Gateway Hospital, the healthcare sector fuels demand for medical office spaces.
• Manufacturing: The area's manufacturing base supports industrial real estate through facilities that cater to production and distribution needs.
• Retail and Services: Local retail centers benefit from Newburgh's growing population and its proximity to Evansville, creating a robust market for retail spaces.

Regional economic development initiatives, such as those spearheaded by the Economic Development Coalition of Southwest Indiana, aim to bolster these industries and attract new investments.

Strategic Location and Transportation Infrastructure

Newburgh boasts a strategic location with access to essential transportation networks:

• Highways: Proximity to Interstate 69 and State Road 66 facilitates efficient transport and logistics operations.
• Airports: Evansville Regional Airport, located just a short drive away, connects Newburgh to national and international markets.
• Rivers: The Ohio River provides additional logistical advantages for freight and cargo transport.

These transportation assets position Newburgh as a logistical hub, offering easy access to labor pools and regional markets. For more information, refer to the Indiana Department of Transportation.

Commercial Real Estate Inventory & Zoning

Newburgh's CRE market is characterized by diverse submarkets and property types:

• Submarkets: The Central Business District (CBD) and industrial corridors offer varied opportunities for investment.
• Asset Classes: Key asset classes include industrial, retail, office, and medical properties.
• Zoning: Recent zoning updates and overlays provide incentives for developers, such as tax abatements and expedited permitting processes. Access the Newburgh Zoning Map for detailed information.

Major Employers and Institutions

Newburgh's economic landscape is shaped by prominent employers and institutions:

• Healthcare: Deaconess Health System
• Education: The University of Southern Indiana, located nearby, influences demand for multifamily and retail properties.
• Corporate Presence: Major companies in manufacturing and logistics contribute to the demand for industrial and office spaces.

For a comprehensive list of employers, visit the Warrick County Chamber of Commerce.

Notable Commercial Developments & Projects

Significant developments in Newburgh include:

• Mixed-Use Projects: New multi-use developments are integrating retail, office, and residential spaces.
• Opportunity Zones: Designated areas offer tax incentives to spur investment and development.

Details on these projects can be found through the Warrick County Planning Department.

Building Permits, Planning, and Development Tools

Newburgh provides a range of resources for developers and investors:

• Building and Safety Department
• Permitting Portal
• Parcel Map Viewer / GIS
• Planning Commission

These tools facilitate efficient planning and development processes.

Market Data & Economic Reports

Explore public datasets for insights into Newburgh's market dynamics:

• U.S. Census Bureau
• Newburgh Economic Impact Reports

Brevitas leverages AI-powered aggregation from public data and internal insights, providing comprehensive market analytics. Access Brevitas-powered dashboards for Newburgh here.

Why Use Brevitas for Newburgh, Indiana CRE?

Brevitas offers innovative solutions for CRE professionals in Newburgh:

• AI-Driven Discovery: Access real-time listing alerts and smart property pages.
• Dealroom Collaboration: Enhance collaboration with brokers and developers.
• Exclusive Listings: Gain premium exposure for your properties.

With features like auto-generated listing pages and integrated marketing tools, Brevitas is the go-to marketplace for Newburgh's commercial real estate needs.