Venetian Way Professional Business Park, Lots 3-7

Vacant Land for Sale
Catylist Listing ID: 28221639
Property Subtypes: Hospitality, Office, Retail
Gross Land Area: 0.64 - 3.81 Acres
Sale Price: $195,146 - 1,216,184
Land Splits Available: Yes
Adjacent Parcels Available: Yes
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Last Updated: 8/18/2017

Overview / Comments

There are only 5 shovel ready remaining lots in this Business / Medical / Professional Office Complex ranging in size from .64 acres to 1.25 acres. It is a strategically located professional business park that is in the heart of the fastest growing Warrick & Vanderburgh County Commercial District, is easily accessible from I-69, I-64 and the Lloyd Expressway. This development fronts the newly constructed Epworth Road, is directly across the street from the recently completed St. Mary's Epworth Crossing Medical Center and the $95 million,135,000 square-foot, four-story Orthopedic Hospital now under construction. It is situated north of the Deaconess Gateway Hospital Complex and its $135 million, 215,000 square-foot expansion now under way. Current businesses in the Venetian Way Business Park and the immediate area include: Farmers State Bank, Oncology and Hematology Associates, Boston's Restaurant, Orthopedic Associates, The Village At Hamilton Pointe, Dr. Cindy Basinski, Edward Jones, State Farm and two medical offices currently being constructed on lot #'s 8,9 &10.
Local government and economic development agencies have strategically planned and developed infrastructure in this area to accommodate long term growth through creation of a TIFF designated as the Epworth Corridor Economic Development Area (T87019). The TIFF encompasses 544 parcels with gross assessed value of $280M. The redevelopment bond issuance associated with this TIFF carries an AA rating with Standard & Poors. The County has in the past offered tax phase ins and other incentives to price to development to this area.

*******See attachments for plot plan, zoning map, surrounding businesses, lot sizes, pricing and drone video.*******

Financials

Finance Data Year 2017
Real Estate Taxes - Annual($) $283 (Annual)

Additional Details

Nearest MSA: Evansville
County: Warrick
Taxing Authority: Warrick County
Tax ID/APN: 87-12-20-303-003. Thru 7.
Zoning: C-4
Market Type: Medium
Property Located Between: Lloyd Expressway and Stahl Road
Side of Street: West
Road Type: Paved, Highway
Property Visibility: Excellent
Legal Description: Lots 3-7 Of Venitian Way Commercial Subdivision
Largest Nearby Street: Lloyd Expressway
Feet of Frontage: 539
Highway Access: Highway 64, I-69 & the Lloyd Expressway
Airports: Evansville Regional Airport
Site Description: Venetian Way Business Park is located in the heart of the fast expanding Warrick and Vanderburgh County Professional Office business district. *******See attached aerial maps for additional information.*******
Area Description: Property is located at the corner of State Road 66 (Lloyd Expressway) and Epworth Road In Newburgh, Indiana. Venetian Way is just east of the I-69 and State Road 66 interchange adjacent to Deaconess Gateway Hospital.
Lot Frontage: 100
Lot Depth: 280
Zoning Description: Their are many commercial uses for C-4 zoning which include: Business, Professional and Medical Offices, Dental or Research Laboratories, Hotels, Motels, Financial Institutions and a vast range of Retail and Service Businesses's are permitted just to name a few.
Development Name: Lots 3-7 Venetian Way Business Park
Topography: Level
Easements: Utilities
Easements Description: Standard Warrick County easements.
Soil Type: Mixed
Available Utilities: Electric, Water, Gas, Sewer, Storm Drain, Cable
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,442 22,434 37,832
Median Age: 36.47 38.3 39.34
Households: 1,575 8,183 14,068

Contact

Photograph of Listing Agent

Mark J. Miller

President, ERA Commercial
ICREX Member
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