Medical Office Investment / #2381

Office for Sale
Catylist Listing ID: 30823012
Property Subtypes: Medical
Building Size (RSF): 2,883 SF
Gross Building Area: See Agent
Gross Land Area: 0.30 Acres
Sale Price: $325,000
Unit Price: $112.73 PSF
Property Use Type: Investment
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/5/2023

Overview / Comments

Great medical office investment property located in Rockport. Tenant (Perry County Memorial Hospital) is signing renewal through February 28, 2027. Tenant also has 1 additional 3 year option on lease. Tenant is currently responsible for all utilities, window cleaning, and snow removal.

Roof Approx. 10 years old
HVAC replaced 3 years ago

Gross Annual Revenue $40,492.89

Additional Details

Nearest MSA: Evansville
County: Spencer
Tax ID/APN: 741526103001000018
Zoning: C-1
Property Located Between: Main St & Walnut St
Property Visibility: Excellent
Highway Access: SR 66
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 1981
Year Renovated: 2019
Roof Type: Mansard
Construction/Siding: Wood Frame
Parking Type: Surface
Total Parking Spaces: 14
Sprinklers: None
Zoning Description: C-1
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 4,480 9,081
Median Age: 38.72 40.23
Households: 1,720 3,509
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