Catylist ID:
#30610430
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: | 12/4/2023 |
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 |
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 |
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