970 S Hebron Ave

Retail-Commercial for Sale
Catylist Listing ID: 30650953
Property Subtypes: Day Care Facility, Free-Standing Building, Mixed Use, Restaurant, Tavern/Bar/Nightclub, Other
Building Size (RSF): 8,320 SF
Gross Building Area: See Agent
Gross Land Area: 0.60 Acres
Sale Price: $695,000
Unit Price: $83.53 PSF
Ceiling: 10 ft.
Property Use Type: Net Leased Investment (NNN)
Sale Terms: Cash to Seller
Cap Rate: 8.63%
Average Occupancy Rate: 73
Last Updated: 4/21/2021

Overview / Comments

This is no ordinary commercial building. Located in the heart of the East side of Evansville, this 8320 square foot building is zoned C-4. It has 6080 square feet of first floor commercial space and has a 2240 square foot, fully remodeled, 2 bedroom, 2 bath, an amazing apartment on the second floor, complete with full stainless appliance kitchen, a full laundry room, an amazing family room with windows on 3 sides, a sun room/study with windows on 3 sides. The light in this apartment is magical. The first floor is currently leased as a day care and has entrances and parking lots on both sides of the building, several sets of restrooms, kitchen area, walk in cooler, new carpet. The building has been meticulously remodeled with a new standing metal roof and updated sprinkler system. Two signs on the property make is easy to have two business on the first floor, if desired. The apartment has a private entrance on the Hebron side of the building. Perfect for an investors of all kinds.

Additional Details

Nearest MSA: Evansville
County: Vanderburgh
Tax ID/APN: 82-06-26-017-121.067-027
Zoning: C-4
Property Located Between: Washington and Bellemeade
Property Visibility: Excellent
Largest Nearby Street: Green River Rd
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Excellent
Year Built: 1983
Year Renovated: 2018
Roof Type: Arched
Construction/Siding: Brick
Total Parking Spaces: 37
Parking Type: Surface
Sprinklers: Wet
Heat Type: Electricity, Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Cable
Zoning Description: C-4
Water Service: Municipal
Sewer Type: Municipal
Legal Description: PT SE SE 26-6-10

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,137 72,345 125,590
Median Age: 38.22 37.95 38.15
Households: 6,588 31,942 53,581
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