Downtown Evansville - Redevelopment Opportunity / #2348

Retail-Commercial for Sale
Catylist Listing ID: 30610430
Property Subtypes: Day Care Facility, Free-Standing Building, Mixed Use, Restaurant, Retail-Pad, Street Retail, Other
Building Size (RSF): 41,052 SF
Gross Building Area: See Agent
Gross Land Area: 0.94 Acres
Sale Price: See Agent
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/22/2021

Overview / Comments

❖ Currently occupied by The Gathering Church of Evansville - Includes
Church/School (39,834 SF) and Clergy House (1,218 SF - finished)

❖ Strategically located on a signalized intersection at the corner of SE 2nd
St/Walnut St

❖ Well-maintained facility for user or ideal for redevelopment

❖ Adjacent to $18MM 139-room Hyatt Place Hotel being developed, slated to be
operating in 2020, and a couple of blocks away is the development of
The Mediterranean, a 70-room boutique hotel on the Riverfront

❖ ± $200MM of recent development in the Evansville downtown area (CBD)

Attachments & Media

Financials

Finance Data Year 2020
Tax Value Land $472,300
Tax Value Improvements $517,400
Assessed Value - Total($) $989,700 (Annual)

Additional Details

Nearest MSA: Evansville
County: Vanderburgh
Tax ID/APN: 82-06-30-020-008.012-029
Retail Clientele: General, Family, Business, Convention, Casino, Other
Property Visibility: Excellent
Largest Nearby Street: SE Riverside Drive
Highway Access: I-69; US HWY 41; SR 62; SR 66
Airports: Evansville Regional Airport
Total Number of Buildings: 2
Number of Stories: 2
Property Condition: Average
Year Built: 1949
Construction/Siding: Brick
Total Parking Spaces: 50
Parking Type: Surface
Lot Frontage: 275
Lot Depth: 150
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Fee Simple

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,180 68,187 131,484
Median Age: 38.95 36.04 37.57
Households: 4,243 28,445 56,485

Contact

Photograph of Listing Agent

Chris Jackson, CCIM, SIOR

Woodward Commercial Realty, Inc. ICREX Member
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