120 S Memorial Dr, New Castle, IN 47362 For Sale

Prime Kroger outlot opportunity available for Ground Lease, Build-to-Suit, or Sale at 120 S Memorial Dr, New Castle, IN. Strategically positioned at the “Main & Main” intersection of New Castle’s premier retail corridor, the site offers unmatched visibility and access with traffic counts of 27,273 vehicles per day at the nearby signalized hard corner.

This property is an outparcel to a dominant national grocer (Kroger), ensuring a steady draw of daily traffic and a strong retail co-tenancy environment. The C-2 zoning provides flexibility for a wide variety of commercial uses including retail, restaurant, medical, financial services, and more.

With frontage along S Memorial Dr (19,070 VPD) and Broad St (8,203 VPD), the site delivers superior exposure and accessibility. Surrounding demographics are strong, with over 38,900 residents within a 10-mile radius and an average household income of more than $66,800.

This highly visible location offers an excellent opportunity for retailers, quick-service restaurants, and service-oriented businesses seeking to establish a presence in a thriving trade area.