Former Burger King Restaurant

Retail-Commercial for Sale
Catylist Listing ID: 30054312
Property Subtypes: Free-Standing Building, Restaurant
Building Size (RSF): 3,415 SF
Gross Land Area: 0.79 - 0.94 Acres
Sale Price: $290,000
Unit Price: $84.92 PSF
Ceiling: 14 ft.
Property Use Type: Investment, Vacant/Owner-User, Business
Building Name: Burger King
Usable Size (USF): 3,415 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/17/2021

Overview / Comments

Former Burger King located on North Main Street with an adjoining paved lot for additional parking if needed. This property is centrally located in the fast expanding Jacobsville Redevelopment Area with a $18,000,000.00 face lift just completed that is certain to bring new businesses and development in the surrounding area. The building with more than ample parking and great visibility offer a host of business opportunities other than dining if desired. As the photos illustrate there is a large variety of kitchen equipment included in the sale. *******This property is also available for lease.*******

Financials

Finance Data Year 2021
Real Estate Taxes - Annual($) $6,140 (Annual)

Additional Details

Nearest MSA: Evansville
County: Vanderburgh
Taxing Authority: Vanderburgh County
Tax ID/APN: 82-06-20-026-089.001-029
Zoning: C-1,R-2
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Convention, Casino
Property Located Between: East Maryland Street & West Oregon Street
Property Visibility: Excellent
Largest Nearby Street: Lloyd Expressway
Feet of Frontage: 272
Highway Access: Lloyd Expressway, Highway 41 and I-69
Airports: Evansville Regional Airport
Area Description: The surrounding area consists of commercial, medical & residential with exciting growth in progress and certainly in the future
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 1990
Roof Type: Flat
Construction/Siding: Brick, Wood Siding
Total Parking Spaces: 64
Parking Ratio: 18.7 (per 1000 SF)
Parking Type: Surface
Parking Description: Large paved private parking area with an adjoining lot for additional parking if required.
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Cable
Interior Description: Large dining area with a well laid out food prep and service counter
Lot Frontage: 272
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Fee Simple
Legal Description: WOODLAWN LOTS 1 THRU 13 BL 16

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,979 84,770 136,918
Median Age: 36.92 37.29 37.82
Households: 5,589 35,292 58,814

Contact

Photograph of Listing Agent

Mark Miller

ERA First Advantage Realty, Inc.
ICREX Member
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