Industrial Complex off US Hwy 41

Industrial for Sale
Sale Pending
Catylist Listing ID: 30836495
Property Subtypes: Industrial-Business Park, Manufacturing, Light Industrial, Warehouse/Distribution
Status: Pending
Building Size (RSF): 10,360 SF
Gross Building Area: See Agent
Gross Land Area: 3.46 Acres
Sale Price: $600,000
Unit Price: $57.92 PSF
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/11/2023

Overview / Comments

3.46 AC Industrial property located on the west side of US Hwy 41 north of St George Rd. This property was formerly owner-occupied by a heavy industrial user until the business was sold in late 2022. The site consists of 3 buildings with excess land that is concrete or compacted stone. Most concrete in the complex is 12" thick.

Building 1 - 2400 SF (40'x60') post-frame building with two 14' and one 12' roll-up doors. This building has its own fenced and gated outdoor storage around with shipping containers serving as additional storage. This building, the lot, shipping containers, and a permanently set job site trailer (560 SF that serves as an office) were leased in late 2022 to an HVAC contractor on a 1-year lease with renewal options.

Building 2 - 3200 SF multi-tenant steel building divided up into four 800 SF bays. The owner has begun the process of separating and metering these units for electricity. These spaces could be combined to create 1600 SF, 2400 SF or 3200 SF space. These are currently available for lease.

Building 3 - 4200 SF post frame building by Hobgood. This building has a 22' high ceiling and is clear span and was completed in 2020 and has propane heat. Three 14' overhead doors. 200 AMP service. This building has a 48'x32' barrel canopy connected to the building. There is an 18'x35' steel mezzanine installed in the building. The space is currently available for lease.

Included in the sale is another 12'x60' job site traile

Attachments & Media

Financials

Finance Data Year 2015
Real Estate Taxes - Annual($) $4,778 (Annual)
Tax Value Land $116,600
Tax Value Improvements $33,300
Assessed Value - Total($) $149,900 (Annual)
Finance Data Year 2013
Real Estate Taxes - Annual($) $5,333 (Annual)
Tax Value Land $134,400
Tax Value Improvements $34,400
Assessed Value - Total($) $168,800 (Annual)
Finance Data Year 2011
Real Estate Taxes - Annual($) $5,162 (Annual)
Tax Value Land $130,000
Tax Value Improvements $49,200
Assessed Value - Total($) $179,200 (Annual)
Finance Data Year 2010
Real Estate Taxes - Annual($) $4,940 (Annual)
Tax Value Land $130,000
Tax Value Improvements $51,400
Assessed Value - Total($) $181,400 (Annual)
Finance Data Year 2009
Real Estate Taxes - Annual($) $4,632 (Annual)
Tax Value Land $130,000
Tax Value Improvements $51,400
Assessed Value - Total($) $181,400 (Annual)

Additional Details

Nearest MSA: Evansville
County: Vanderburgh
Tax ID/APN: 82-06-04-034-097.003-020
Zoning: M-2
Tenancy: Multiple Tenants
Total Number of Buildings: 3
Number of Stories: 1
Property Condition: Average
Sprinklers: None
In Flood Plain?: Yes
Water Service: Municipal
Sewer Type: Municipal
Legal Description: PT NE NW 4-6-10

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,995 51,765 121,458
Median Age: 43.59 40.04 38.95
Households: 777 21,609 50,842

Contact

Photograph of Listing Agent

Scott Edmond CCIM

SVN | The Martin Group ICREX Member
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