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.
|
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 |
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 |
|
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