Near Downtown Office Building

Office for Sale
Catylist Listing ID: 30778272
Property Subtypes: Office Building
Building Size (RSF): 27,692 SF
Gross Land Area: 0.93 Acres
Sale Price: $560,000
Unit Price: $20.22 PSF
Property Use Type: Vacant/Owner-User
Class of Space: Class C
Usable Size (USF): 27,692 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/16/2022

Overview / Comments

SVN | The Martin Group is proud to present for sale this 27k SF updated office building 2 blocks off First Avenue north of the Lloyd Expressway in Evansville, IN. NECA/IBEW Joint Apprenticeship and Training Committee (JATC) operates a training center for electricians in this building but will be moving to a larger building in 2022.

Located at 1305 Edgar Street, this building was constructed in 1941 as the office for International Streel Co., responsible for producing LST ships in Evansville for WWII. One of the front doors along Edgar Street is a revolving door produced by a related division and one of a few remaining of its type in use in the world.

Since acquiring the building in 2000, JATC has completely updated the building with 600 AMP electric, new windows, brick tuckpointing. HVAC etc. Most of the interior space is divided into classrooms of various sizes. There is an area on the ground floor set up as a lab/workshop. The building is fully heated, cooled, and sprinkled. The site offers a fenced 85-space parking lot (3 spaces/1k SF).

JATC will vacate the building prior to August 31st, 2022.

Attachments & Media

Additional Details

Nearest MSA: Evansville
County: Vanderburgh
Tax ID/APN: 82-06-19-027-045.001-029
Zoning: M-2
Property Visibility: Good
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1941
Roof Type: Flat
Construction/Siding: Brick
Parking Ratio: 3 (per 1000 SF)
Parking Type: Surface
Total Parking Spaces: 85
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,350 78,571 140,392
Median Age: 37.22 37.21 37.88
Households: 4,967 32,589 59,869

Contact

Photograph of Listing Agent

Scott Edmond CCIM

SVN | The Martin Group ICREX Member
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