Power Equipment Building - W Franklin St

Retail-Commercial for Sale
Catylist Listing ID: 30811443
Property Subtypes: Free-Standing Building, Mixed Use, Retail-Pad, Street Retail, Other
Building Size (RSF): 10,343 SF
Gross Building Area: See Agent
Gross Land Area: 0.34 Acres
Sale Price: $900,000
Unit Price: $87.02 PSF
Property Use Type: Investment, Business
Building Name: Power Equipment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/8/2022

Overview / Comments

A rare westside Evansville investment opportunity resides in the Power Equipment building on the corner of W Franklin St and Wabash Ave. The building has over 10,000 square feet of retail/workshop/office space available. This high visibility location is .2 miles north of the Lloyd Expressway/Highway 62 (approx +/- 55,000 vehicles per day).

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

Additional Details

Nearest MSA: Evansville
County: Vanderburgh
Taxing Authority: Vanderburgh County
Tax ID/APN: 82-05-24-030-034.001-029
Zoning: C-4
Retail Clientele: General, Family, Business, Recreation
Property Located Between: Lloyd Expressway & Franklin Street
Largest Nearby Street: Lloyd Expressway
Highway Access: Less than .2 miles from Lloyd Expressway (IN-62) via Wabash Ave
Airports: Evansville Regional Airport
Site Description: Rectangular-shaped site totaling .34 acres on the SE corner of N Wabash Ave and W Franklin St. Alley access on the south and access via commercial cub cuts from b both N Wabash Ave and W Franklin St. Off-street parking is limited, which is typical in this area. Graveled area to the east of the building as well as concrete paving both north and south of the building.
Area Description: Mixed-use area of medical and general offices, residential and commercial uses. 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.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 10,343 SF
Property Condition: Average
Year Built: 1932
Roof Type: Flat
Construction/Siding: Block
Exterior Description: One story with some second-floor storage mezzanine space. Painted masonry exterior. Flat roof design with one portion having a newer metal roof, remaining is rubber. Glass and metal pedestrian doors, overhead doors on west and south ends of the building. Metal frame windows.
Parking Type: Other
Parking Description: Off-street parking is limited, which is typical in this area. Graveled area to the east of the building as well as concrete paving both north and south of the building.
Sprinklers: None
Heat Type: Space Heaters
Heat Source: Ceiling Units
Air Conditioning: Other
Internet Access: Cable
Interior Description: Air conditioning in office area only. Ceiling hung space heaters. Floors are concrete and commercial carpet. 16' ceiling in the shop area. Flourescent lighting. Two restrooms.
Zoning Description: General Commercial Zoning (C-4)
Water Service: Municipal
Sewer Type: Municipal
Legal Description: LAMASCO LTS 1 2 3 4 & 5 BL 89

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,803 61,855 124,967
Median Age: 37.06 37.09 37.55
Households: 3,214 26,243 50,965
© Copyright 2001-2022 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Indiana Commercial Board of REALTORS┬« nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.