Prime Location: Restaurant or Office

Retail-Commercial for Sale
Catylist Listing ID: 30704754
Property Subtypes: Free-Standing Building, Restaurant, Retail-Pad
Building Size (RSF): 9,987 SF
Gross Building Area: See Agent
Gross Land Area: 0.26 Acres
Sale Price: $1,400,000
Unit Price: $140.18 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/21/2021

Overview / Comments

This property sits in the center of the retail, entertainment, commercial, medical and professional of the Evansville, IN MSA. It is currently an operating restaurant with full kitchen & bar (the furniture, fixtures & equipment will stay). It offers 1200 AMP/3-phase electrical service. This area draws from over 50 miles out. High traffic location with 35,000 VPD. The property is offered For Sale at $1,400,000 ($140/sf). The lease rate of $9,500/mo. ($11.41/sf/yr).

This property is ideally suited for a restaurant, retail or a medical/professional office application.

Subject property is an active retail business, so the exact name/location must be kept confidential until a Confidentiality Agreement (attached) has been executed.

During pandemic, please contact Randall via mobile #: 812-449-3424 or e-mail, below.

Additional Details

Nearest MSA: Evansville
County: Vanderburgh
Tax ID/APN: 82-06-24-012-144.006-027
Zoning: C-4
Property Visibility: Excellent
Feet of Frontage: 215
Traffic/Vehicle Count: 35,000
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Good
Year Built: 1983
Year Renovated: 2013
Roof Type: Flat
Construction/Siding: Stucco
Parking Type: Surface
Parking Description: Parking is more than adequate in shared surface parking within shopping center.
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Lot Frontage: 84
Lot Depth: 136
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,090 71,501 129,141
Median Age: 34.73 38.21 38.4
Households: 2,934 31,290 54,518

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