2761 N Kentucky Avenue warehouses for sale

Industrial for Sale
Catylist Listing ID: 30854390
Property Subtypes: Cold Storage, Food Processing, Free-Standing, Industrial-Business Park, Manufacturing, Light Industrial, Office Showroom, Self Storage, Warehouse/Distribution
Building Size (RSF): 129,165 SF
Gross Land Area: 8.50 - 9 Acres
Sale Price: $4,950,000
Unit Price: $38.32 PSF
Ceiling: 14 ft.
Docks/Doors: 6 Docks, 12 Doors
Office SF: 6,000 SF
Drive In Bays: 6 Bays
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User
Building Name: Former Farm Boy Meats Processing
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/1/2023

Overview / Comments

*** RETAIL STORE AND RESIDENTIAL PROPERTIES NOT INCLUDED***

* Seller reserves the right to lease or use 200 pallet racks in the freezer space, 100 pallet racks in the dry space, and 50 pallet racks in the cooler space. Buyer and Seller will cooperate and use their best efforts to accommodate this if possible.

GENERAL INFORMATION:
Former Farmboy meat processing and warehouse facilities. Consists of 3 lots, containing multiple buildings, cold/freezer storage, processing facility with approx. 129,165 SF total.

Site is an irregular shaped lot containing approximately 9 acres with frontage and access from N Kentucky Avenue. (Easement to be created for access to the
property)

Available utilities include city water, city sewer, electricity, telephone, and natural gas.

There are 18 customer parking spaces, 61 employee parking spaces, and 27 truck parking spaces with additional grass parking adjacent.

BUILDING SIZES: Square feet
Service Area 9,837
Dry Storage Area (incl dock) 53,328
Cooler Area 10,800
Freezer Area 22,500
Refrig Dock 16,206
Mechanical/Pump Room 1,950
1st Floor Office 7,272
2nd Floor Office 7,272
TOTAL 129,165

EXTERIOR:
Stories: One to two
Framing and Siding: Masonry and steel
Roof: Flat and gable with rubber and metal cover
Doors: Metal and glass
Docks: Multiple docks (dock height and ground level)

MECHANICALS:
Air Conditioning: Central
Heat: Central and space
Sprinklers: 2010 addition only (29%)
Wiring: 3-phase

INTERIOR CONSTRUCTION:
Floors: Concrete, tile, and carpet
Walls: Drywall, masonry, unfinished, and steel
Ceilings: Acoustical tile and unfinished, 10’ to 40’ height
Office space: 1st and 2nd floors of main building, approximately 6,000 SF
Extras: Mezzanine storage, dock height floors, cold storage, and docks

Additional Details

Nearest MSA: Evansville
County: Vanderburgh
Tax ID/APN: 82-06-09-017-021.004-027 / 82-06-09-017-021.006-027 / 82-06-09-017-021.012-027
Zoning: M-2
Highway Access: Kentucky Avenue
Site Description: Consists of 3 lots, containing multiple buildings, cold/freezer storage, processing facility with approximately 123,205 SF total. Retail store and residential properties not included in sale. Site is an irregular shaped lot containing approximately 9 acres with frontage and access from N Kentucky Avenue.
Tenancy: Single Tenant
Roof Type: Other
Construction/Siding: Aluminum Siding
Overhead Cranes: Undisclosed
Heat Type: Natural Gas
Heat Source: Central, Other
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,906 72,619 153,957
Median Age: 39.11 38.95 38.25
Households: 3,670 30,334 65,305

Contact

Photograph of Listing Agent

Mike Richardson, CCIM

Richardson Commercial ICREX Member
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