1706 GRAYBROOK LN New Albany IN 47150-4129

This is your chance to own 65.8± breathtaking acres featuring rolling hills, open green space, and the convenience of downtown. Located in New Albany, Indiana, this prime real estate and includes pro shop, parking lot, outbuildings, and maintenance garages making it a fantastic opportunity for redevelopment or investment. Large open parcels like this, in a downtown area, rarely become available!

The property is currently operated as the Historic New Albany Country Club Golf Course. Rolling hills, captivating views, and scenic park-like setting make this property ideal for multi-use and residential development*

✔ 65.8 acres of open green space in downtown New Albany

✔ Zoned MDR, OS, and FP (Mixed Density Residential, Open Space, and Floodplain), allowing for residential multi-family redevelopment per zoning ordinances.*

✔ Potential for partial redevelopment while continuing golf course operations—possibly as an executive course—offering *significant tax benefits.

✔ Seller willing to lease back the property and continue golf course operations for a period of time to help reduce buyer's holding costs through lease payments, property maintenance, and special golf tax credits.

✔ No option contracts

✔ Virtual showings and live spatial-video tours available. Contact Sharon Handy for details.

Agent Notes:

Personal property is not included but can be negotiated as part of the transaction

No option contracts

24 hours notice for showings preferred

All showings accompanied by listing agent

*Any redevelopment, future use determinations, or zoning/re-zoning approvals are the sole responsibility of the buyer. Outcomes cannot be predicted and are not guaranteed by the seller.