Franklin Street, 2318 W/#2278

Retail-Commercial for Sale
Also listed as Office
Catylist Listing ID: 30054764
Property Subtypes: Free-Standing Building, Mixed Use, Street Retail, Tavern/Bar/Nightclub, Other
Building Size (RSF): 6,200 SF
Gross Land Area: 0.14 Acres
Sale Price: $396,800
Unit Price: $64 PSF
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Last Updated: 6/15/2021

Overview / Comments

* Located on highly-desirable West Franklin Street - Home of Evansville's Fall Festival

* Low vacancy and high-demand area of Evansville, IN

* On-site parking, which is scarce in the Franklin Street District

* Remodeled in 2013 (main level)

* 2nd Level could be a nice apartment conversion


Finance Data Year 2016
Real Estate Taxes - Annual($) $3,120 (Annual)

Current Tenants

Tenant Business Name Need A Nurse
SF of Space Occupied 3,100 SF

Additional Details

Nearest MSA: Evansville
County: Vanderburgh
Tax ID/APN: 82-05-24-030-038.008-029
Property Visibility: Excellent
Largest Nearby Street: St. Joseph Avenue
Feet of Frontage: 50
Traffic/Vehicle Count: 11,000
Highway Access: SR 62 (Lloyd Expressway)
Airports: Evansville Regional Airport
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 3,100 SF
Year Built: 1894
Year Renovated: 2013
Roof Type: Flat
Construction/Siding: Block, Brick, Brick/Vinyl Siding, Metal/Glass
Total Parking Spaces: 6
Parking Type: Surface
Parking Description: The property consists of 6 on-site parking spaces, which is scarce in the Franklin Street District.
Freight Elevators: 1
Heat Type: Electricity, Natural Gas, Suspended Radiant Heaters
Heat Source: Central, Radiant
Air Conditioning: Engineered System
Lot Frontage: 50
Lot Depth: 119
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Fee Simple
Legal Description: LAMASCO LOTS 9 & 10 BL 92

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,170 59,886 119,523
Median Age: 35.05 36.98 37.67
Households: 3,475 25,443 48,745


Photograph of Listing Agent

Chris Jackson, CCIM, SIOR

Woodward Commercial Realty, Inc. ICREX Member
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