4488 State Road 62

Retail-Commercial for Sale
Catylist Listing ID: 30708325
Property Subtypes: Mixed Use, Retail-Pad
Building Size (RSF): 4,800 SF
Gross Building Area: See Agent
Gross Land Area: 1.43 Acres
Sale Price: $449,900
Unit Price: $93.73 PSF
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/23/2022

Overview / Comments

This property features 4,800 sqft building, 2,400 sqft of Retail/Office Space on the main level and 2,400 sqft of residential on the second floor with a combined acreage of 1.43 acres fronting State Road 62. This offering consists of two parcels with a fully finished 4,800 sqft retail/office/residential building and a 1,270 sqft house. Property features 275 ft of highway frontage with two curb cuts and a highway accessible parking lot off State Road 62. Large illuminated commercial signage included. Nearby businesses include Walmart, D-Patrick Boonville Ford, and O'Reily Auto Parts.

Financials

Finance Data Year 2022
Real Estate Taxes - Annual($) $4,417 (Annual)

Additional Details

Nearest MSA: Evansville
County: Warrick
Taxing Authority: Warrick County
Tax ID/APN: 87-09-29-402-022.000-002, 87-09-29-300-021.000-002
Zoning: M-1,C-4
Retail Clientele: General, Business
Property Located Between: Squaw Creek Rd & John Bull Rd
Property Visibility: Excellent
Largest Nearby Street: IN-62
Feet of Frontage: 275
Traffic/Vehicle Count: 14,545
Highway Access: State Road-62 & Highway 261
Airports: Evansville Regional Airport
Tenancy: Multiple Tenants
Total Number of Buildings: 2
Number of Stories: 2
Typical SF / Floor: 4,800 SF
Property Condition: Good
Year Built: 2000
Roof Type: Gable
Construction/Siding: Metal Siding
Total Parking Spaces: 20
Parking Type: Surface
Parking Description: Gavel Lot
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Lot Frontage: 200
Lot Depth: 200
Water Service: Municipal
Sewer Type: Septic
Land Ownership: Fee Simple
Legal Description: PT LOT 22 & Pt lot 23 JOHN BULL ADD PT E 1/2 SW S29 T5 R8 .55 A

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,978 9,449 24,411
Median Age: 45.82 40.46 40.39
Households: 741 3,622 9,179

Contact

Photograph of Listing Agent

Mark Miller

ERA First Advantage Realty, Inc.
ICREX Member
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