High Visibility East Side Retail/Mixed-Use Building

Retail-Commercial for Sale
Catylist Listing ID: 30791409
Property Subtypes: Free-Standing Building, Mixed Use, Other
Building Size (RSF): 22,132 SF
Sale Price: $1,200,000
Unit Price: $54.22 PSF
Property Use Type: Vacant/Owner-User, Business
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 9/27/2022

Overview / Comments

Great opportunity to own a high visibility/high traffic, mixed-use/retail building located between Green River Rd and Burkhardt Rd off Morgan Ave (Eastside Evansville). The building was once set up as a warehouse with office space, but later converted into retail and was used as classroom space for ITT Tech. The dock height loading door/bay is located on the west side of the building. The loading area has easy access to the freight elevator. The building is equipped with a 3-phase, 800 amp electric service. It is conveniently located 1.2 miles from I-69 & IN-62 intersections.

Attachments & Media

Financials

Finance Data Year 2021
Real Estate Taxes - Annual($) $16,569 (Annual)
Tax Value Land $223,600
Tax Value Improvements $290,600
Assessed Value - Total($) $514,200 (Annual)
Finance Data Year 2015
Real Estate Taxes - Annual($) $16,307 (Annual)
Tax Value Land $223,600
Tax Value Improvements $287,900
Assessed Value - Total($) $511,500 (Annual)

Additional Details

Nearest MSA: Evansville
County: Vanderburgh
Taxing Authority: Vanderburgh County
Tax ID/APN: 82-06-24-017-159.017-027
Zoning: M-2
Retail Clientele: General, Family
Property Located Between: Burkhard Rd & Green River Rd
Largest Nearby Street: Morgan Ave
Highway Access: 1.2 miles west of I-69 & IN-62 intersection.
Airports: Evansville Regional Airport
Site Description: 10-foot loading door w/ loading dock located on the west side of the building.
Area Description: The area is general commercial and industrial with a mix of retail and restaurants.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Good
Year Built: 1973
Roof Type: Flat
Construction/Siding: Metal Siding
Parking Type: Surface
Parking Description: Large paved parking lot with over 60 spaces
Freight Elevators: 1
Sprinklers: Wet
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Other
Internet Access: Cable, Fiber Optic
Interior Description: 3-phase electric with 800 amp service
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities
Legal Description: PT SW 13-6-10 & PT NW 24-6-10

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,672 64,393 133,672
Median Age: 40.05 38.6 38.39
Households: 3,609 28,259 56,372
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