5/3 Bank - Evansville, IN / #2317

Retail-Commercial for Sale
Sale Pending
Catylist Listing ID: 30335003
Property Subtypes: Free-Standing Building, Restaurant, Retail-Pad, Street Retail, Other
Status: Pending
Building Size (RSF): 4,173 SF
Gross Building Area: See Agent
Gross Land Area: 1.20 Acres
Sale Price: $650,000
Unit Price: $155.76 PSF
Property Use Type: Vacant/Owner-User, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/24/2021

Overview / Comments

- Former Fifth Third Bank facility

- Signalized high-traffic corner located on one of Evansville's largest east-west thoroughfares

- One of Evansville's main commercialized areas - Centrally located just west of US 41

- Near Ivy Tech Community College which enrolls approximately 5,000 students

- Traffic count is +/- 25,000 VPD

- Priced below assessed value


Finance Data Year 2020
Real Estate Taxes - Annual($) $26,504 (Annual)
Tax Value Land $183,100
Tax Value Improvements $655,900
Assessed Value - Total($) $839,000 (Annual)

Additional Details

Nearest MSA: Evansville
County: Vanderburgh
Tax ID/APN: 82-06-17-031-155.001-029
Zoning: C-4
Retail Clientele: General, Business, Other
Traffic/Vehicle Count: 25,000
Highway Access: SR 66; US 41
Airports: Evansville Regional Airport
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Year Built: 2000
Roof Type: Gable
Construction/Siding: Brick
Total Parking Spaces: 45
Parking Type: Surface
Lot Frontage: 242
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Fee Simple

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,234 83,166 148,403
Median Age: 37.23 38.13 38.14
Households: 4,499 34,457 63,049


Photograph of Listing Agent

Chris Jackson, CCIM, SIOR

Woodward Commercial Realty, Inc. ICREX Member
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