Huston Building

Retail-Commercial for Sale
Also listed as Office
Catylist Listing ID: 30652290
Property Subtypes: Free-Standing Building, Street Retail
Building Size (RSF): 11,448 SF
Gross Land Area: 7,844 SF
Sale Price: $775,000
Unit Price: $67.70 PSF
In Opportunity Zone? Yes
Property Use Type: Investment, Vacant/Owner-User
Building Name: Huston Building
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/12/2021

Overview / Comments

An ideal real estate investment for the new owner to take advantage of the explosive growth taking place in the area. Expand or relocate an existing business, lease out for above average returns or explore other creative ideas. This building is an excellent piece of Evansville's history and will serve the next owner well into the future.

With a population of nearly 121,000 people within the city limits and more than 300,000 people in the metropolitan area, Evansville is the third-largest city in Indiana. Evansville benefits from a great location, located within a three-hour drive to St. Louis, Indianapolis, Nashville and Louisville. The City is home to both the University of Southern Indiana and the University of Evansville, which have a combined enrollment of over 14,000 students. Downtown is growing quickly, adding over $380 million in renovations and development in the past five years. Such projects include the DoubleTree Hotel, Indiana University School of Medicine, Tropicana Evansville Casino, Post House Apartments and the recently announced $30 million redevelopment of 420 Main Street, the city's tallest building.

-Beautiful historic building located in growing Evansville Central Business District
-Area has experienced explosive growth over the past five years
-Approximately 6,000 SF on 1st floor with glass and awning storefront
-Additional +/- 6,000 SF available on 2nd floor, completely remodeled with separate entrance
-Exceptionally well-maintained with new roof and HVAC units
-Current occupant to vacate at closing

Additional Details

Nearest MSA: Evansville
County: Vanderburgh
Taxing Authority: Vanderburgh County
Tax ID/APN: 82-06-30-020-033.014-029
Zoning: C-3
Property Located Between: Sycamore St. and Main St.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 5,724 SF
Property Condition: Good
Year Built: 1919
Roof Type: Flat
Construction/Siding: Brick, Stone
Parking Type: Surface
Parking Description: Concrete parking in rear with 5+ spaces
Lot Frontage: 53
Lot Depth: 148

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,693 74,708 134,549
Median Age: 38.23 36.47 37.62
Households: 4,758 31,044 57,758

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