Highly Visible Westside Restaurant
Retail-Commercial
for Sale
Sale Pending
| Catylist Listing ID: |
30829403 |
| Property Subtypes: |
Restaurant
|
| Status: |
Pending |
| Building Size (RSF): |
1,765 SF
|
| Gross Land Area: |
0.17 Acres
|
| Sale Price: |
$279,900 |
| Unit Price: |
$158.58 PSF |
| Ceiling: |
12 ft. |
| Property Use Type: |
Net Leased Investment (NNN), Vacant/Owner-User |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Average Occupancy Rate: |
100 |
| Last Updated: |
5/4/2023 |
Overview / Comments
The More With Miller Team is proud to present this fantastic corner lot restaurant building located at the signalized intersection of Franklin St. and St. Joseph Ave. on Evansville's West Side (+/- 19,000 vehicles per day). The property offers +/- 1750 SF and a paved parking surface in addition to its great visibility. In the corner of the parking lot stands a large illuminated sign.
Building only sale.
|
Financials
| Finance Data Year |
2022 |
| Real Estate Taxes - Annual($) |
$3,254 (Annual) |
| Tax Value Land |
$76,100 |
| Tax Value Improvements |
$27,100 |
| Assessed Value - Total($) |
$103,200 (Annual) |
| Potential Rental Income |
$24,710 (Annual) |
| Actual or Proforma Year |
Proforma |
Additional Details
| Nearest MSA: |
Evansville |
| County: |
Vanderburgh |
| Taxing Authority: |
Vanderburgh County |
| Tax ID/APN: |
82-05-23-018-038.003-025 |
| Zoning: |
C-4 |
| Retail Clientele: |
General, Family, Business, Traveler, Recreation, Other |
| Property Located Between: |
Saint Joseph Ave & Franklin St |
| Property Visibility: |
Excellent |
| Largest Nearby Street: |
Franklin St |
| Feet of Frontage: |
245 |
| Highway Access: |
Lloyd Expressway to the south. IN 62 to the north. US 41 to I-64 to the east.
|
| Airports: |
Evansville Regional Airport |
| Area Description: |
A mixed-use area of medical and general offices, residential and commercial uses. The area centers around St Joseph Ave and Franklin St intersection with a concentration of restaurants, retail, banks, offices, etc. extending along arterial streets. Franklin St is one of the primary nightlife destinations in Evansville. It is reported to be home to the second largest street fair in the US, the West Side Nut Club's Fall Festival.
The Westside Nut club fall festival begins just steps away from the entrance of this building. The annual street festival estimates nightly attendance numbers of 100,000-150,000 people, making it the second-largest street festival in the US |
| Tenancy: |
Single Tenant |
| Total Number of Buildings: |
1 |
| Number of Stories: |
1 |
| Typical SF / Floor: |
1,765 SF |
| Property Condition: |
Excellent |
| Year Built: |
1959 |
| Roof Type: |
Flat |
| Parking Type: |
Surface |
| Parking Description: |
Paved parking lot |
| Sprinklers: |
None |
| Heat Type: |
Electricity |
| Heat Source: |
Central |
| Air Conditioning: |
Other |
| Internet Access: |
Fiber Optic |
| Zoning Description: |
C-4 General Commercial |
| Lot Frontage: |
175 |
| Lot Depth: |
70 |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
| Legal Description: |
HESS ADD PT L 3 & PT L 4 & PT L 5 BL 1 |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
8,170 |
56,160 |
118,966 |
| Median Age: |
35.05 |
37.09 |
37.65 |
| Households: |
3,475 |
24,199 |
48,496 |
|
© Copyright 2001-2023 Moody's. All Rights Reserved.
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.
|
