1931 Lincoln Ave

Retail-Commercial for Sale
Catylist Listing ID: 30778273
Property Subtypes: Mixed Use, Other
Building Size (RSF): 20,671 SF
Gross Building Area: See Agent
Gross Land Area: 1.31 Acres
Sale Price: $1,600,000
Unit Price: $77.40 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/26/2022

Overview / Comments

One half city block across the street from the University of Evansville with frontage on Lincoln, Weinbach and Mulberry streets. Current site of the University Art Annex and former Old National Bank branch. Property leased to the University of Evansville through October 14, 2023 for $7,140 per month. Annual ATM lease with Old National Bank provides additional income of $850 per month. Former Old National Bank 5,000 SF building available for lease at $12.50/SF/NNN.

Attachments & Media

Additional Details

Nearest MSA: Evansville
County: Vanderburgh
Tax ID/APN: 82-06-28-011-057.002-027, 82-06-28-011-057.007-027, 82-06-28-011-057.005-027
Zoning: C-1, C-4, R-2 PARKING LOT
Airports: Evansville Regional Airport
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Year Built: 1925
Total Parking Spaces: 80
Parking Type: Surface
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 19,987 89,214 133,915
Median Age: 33.64 37.25 38.05
Households: 8,019 38,965 57,396


Photograph of Listing Agent

Kenneth M. Newcomb, Jr.

F.C. Tucker Commercial ICREX Member
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