Catylist ID:
#30811443
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: | $765,000 |
| Unit Price: | $73.96 PSF |
| Property Use Type: | Investment, Business |
| Building Name: | Power Equipment |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 3/13/2023 |
Overview / Comments
|
MAJOR PRICE REDUCTION! Evansville Power Equipment is a rare westside Evansville investment opportunity strategically located on the corner of W Franklin St and Wabash Ave. For 33 years, this business has been home to the premier brands in lawn care equipment sales and service (Stihl, Echo, Snapper, Simplicity, Ferris, Walker, Grasshopper, and Honda) with a client database of approx. 100,000 residential, commercial, corporate, and institutional clients serving a Metropolitan population of 360,000. In a high-demand business like this, success is all about LOCATION, which is spot on! 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 reportedly 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 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. |
Attachments & Media
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 |
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 |
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