4115 E Morgan Ave

4115 E Morgan Ave, Evansville, Indiana 47715

  • Property Subtypes Free-Standing Building , Mixed Use , Street Retail , Vehicle Related
  • Gross Building Area 4,775 SF
  • Building Status Existing
  • Sale Price $392,000.00 Total
  • Property Use Type Vacant/Owner-UserInvestmentNet Leased (NNN)Business
  • Class of Space N/A
  • Total Land Size 0.49 Acres
  • Sale Terms Cash to Seller
  • Cap Rate Undisclosed
  • Last Updated 10/30/2020
  • Days on Market 222 Days
  • Status active

Overview / Comments

Highly visible professional/retail opportunity fronting Morgan Avenue with an ADTC of 18,740. This offering consists of the main building (4,755 sqft) with a smaller detached 200 sqft building that is situated at the rear of the main building. The building has recently been occupied by the owner and two other tenants which were on a month to month basis. This presents a nice opportunity if a buyer would require the entire building, the current tenants could relocate by closing. Also, if a buyer needs only a portion of the building, the location of the property presents an attractive location for a lessee who desires high visibility. The subject property with improvements was appraised by a Certified Indiana General Real Estate Appraiser for $425,000.00 in 2018.

Financials

  • Finance Data Year 2020
  • Real Estate Taxes - Annual($) 4,037.32

Additional Details

  • Tax ID/APN 82-06-23-017-108.009-027
  • Zoning M-1
  • Property Visibility Excellent
  • Total Number of Buildings 2
  • Number of Stories 1
  • Year Built 1989
  • Year Renovated 2000
  • Tax Auth Vanderburgh County
  • Land Ownership Fee Simple
  • Legal Description PT NE 23-6-10
  • Zoning Description The property is zoned M-1, light industrial district. This zone allows retail stores, services stores, department stores, schools, supermarkets, office buildings, automobile service stations, shopping centers, manufacturing facilities, packaging, finishing, processing and service uses.

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