Full Service Restaurant
Retail-Commercial
for Sale
| Catylist Listing ID: |
30839446 |
| Property Subtypes: |
Restaurant, Tavern/Bar/Nightclub
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| Building Size (RSF): |
9,987 SF
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| Sale Price: |
See Agent |
| Property Use Type: |
Net Leased Investment (NNN) |
| Sale Terms: |
Cash to Seller, Purchase Money Mortgage |
| Last Updated: |
5/30/2023 |
Overview / Comments
This property sits at the corner of Green River Road & Virginia Street at the center of the retail, entertainment, commercial, medical and professional area of the Evansville IN MSA. This parcel is an out lot of Shoe Carnival Town Center, a 202k SF shopping center 94% leased as of February 2022.
Eastland Regional Mall is directly across Green River Road. Eastland is a Macerich property with over 1,000,000 SF of space, 110+ stores, and is the largest mall within a 2-hour drive.
The building has 6,236 SF on the main floor and the 3,751 upstairs is primarily used for large parties and special events. The parking rights include a perpetual easement on the surrounding .7 AC parking lot with 73 spaces and overflow parking rights in the main portion of the shopping center. The restaurant equipment will remain and is included in the price.
To view the YouTube drone video, cut and paste the following link into your browser: https://youtu.be/z8D2k2mqSnI
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Financials
| Finance Data Year |
2015 |
| Real Estate Taxes - Annual($) |
$17,155 (Annual) |
| Tax Value Land |
$112,900 |
| Tax Value Improvements |
$425,200 |
| Assessed Value - Total($) |
$538,100 (Annual) |
| Finance Data Year |
2013 |
| Real Estate Taxes - Annual($) |
$20,204 (Annual) |
| Tax Value Land |
$112,900 |
| Tax Value Improvements |
$526,600 |
| Assessed Value - Total($) |
$639,500 (Annual) |
| Finance Data Year |
2011 |
| Real Estate Taxes - Annual($) |
$19,248 (Annual) |
| Tax Value Land |
$112,900 |
| Tax Value Improvements |
$557,700 |
| Assessed Value - Total($) |
$670,600 (Annual) |
| Finance Data Year |
2010 |
| Real Estate Taxes - Annual($) |
$20,620 (Annual) |
| Tax Value Land |
$112,900 |
| Tax Value Improvements |
$646,900 |
| Assessed Value - Total($) |
$759,800 (Annual) |
| Finance Data Year |
2009 |
| Real Estate Taxes - Annual($) |
$19,328 (Annual) |
| Tax Value Land |
$112,900 |
| Tax Value Improvements |
$646,900 |
| Assessed Value - Total($) |
$759,800 (Annual) |
Additional Details
| Nearest MSA: |
Evansville |
| County: |
Vanderburgh |
| Tax ID/APN: |
82-06-24-012-144.006-027 |
| Zoning: |
C-4 |
| Retail Clientele: |
General, Family, Business |
| Property Visibility: |
Excellent |
| Largest Nearby Street: |
N Green River Rd |
| Traffic/Vehicle Count: |
35,000 |
| Tenancy: |
Single Tenant |
| Total Number of Buildings: |
1 |
| Number of Stories: |
2 |
| Typical SF / Floor: |
6,236 SF |
| Property Condition: |
Average |
| Roof Type: |
Flat |
| Legal Description: |
EASTLAND PLACE PT OUTLOT B |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
6,005 |
74,933 |
133,668 |
| Median Age: |
37.75 |
37.9 |
38.47 |
| Households: |
2,734 |
32,558 |
56,778 |
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The information presented herein is provided as is, without warranty of any kind.
Neither Indiana Commercial Board of REALTORS® nor
Moody's assume any liability for errors or omissions.
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