Retail-Commercial Opportunity

Retail-Commercial for Sale
Catylist Listing ID: 29778790
Property Subtypes: Convenience Store, Free-Standing Building, Restaurant, Street Retail
Building Size (RSF): 2,440 SF
Gross Building Area: See Agent
Gross Land Area: 1.63 Acres
Sale Price: $225,000
Unit Price: $92.21 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/21/2017

Overview / Comments

This property abuts the I-69 exit ramp on Covert Avenue (State Road 662) and is ideal for a restaurant, strip center or C-Store. The surrounding area consists of residential, commercial, retail and service oriented businesses. The owner will cooperate with rezoning and this property is one of only a few remaining building sites with exposure from I-69 and State Road 662. There is also an adjoining .881 acre parcel that is available as well with 325' of Covert Avenue frontage which allow these properties excellent visibility and countless opportunities !!!

Attachments & Media

Financials

Finance Data Year 2017
Real Estate Taxes - Annual($) $635.28 (Annual)

Additional Details

Nearest MSA: Evansville
County: Warrick
Taxing Authority: Warrick County
Tax ID/APN: 87-12-32-300-049.000-019
Zoning: R-1A
Market Type: Medium
Retail Clientele: General, Business
Property Located Between: Highway 662 and I-69
Side of Street: West
Road Type: Paved
Property Visibility: Excellent
Largest Nearby Street: Hwy 662
Feet of Frontage: 88
Traffic/Vehicle Count: 12,880
Highway Access: Hwy 662, I-69 and Lloyd Expressway
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Average
Year Built: 1940
Year Renovated: 2012
Roof Type: Gable
Construction/Siding: Vinyl Siding
Parking Type: Surface
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Cable
Zoning Description: Currently Residential
Lot Frontage: 88
Lot Depth: Irregular
Land Ownership: Fee Simple
Legal Description: PT NW SW S32 T6 R9 1.633 A

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,903 39,077 98,616
Median Age: 44.13 39.66 38.34
Households: 4,000 17,267 41,401

Contact

Photograph of Listing Agent

Mark J. Miller

President, ERA Commercial
ICREX Member
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