Full Service Restaurant

Retail-Commercial for Sale
Catylist Listing ID: 30839446
Property Subtypes: Restaurant, Tavern/Bar/Nightclub
Building Size (RSF): 9,987 SF
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

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

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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

Contact

Photograph of Listing Agent

Scott Edmond CCIM

SVN | The Martin Group ICREX Member
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