1280 E. Morgan Ave.

Retail-Commercial for Sale
Sale Pending
Also listed as Office
Catylist Listing ID: 30733243
Property Subtypes: Free-Standing Building
Status: Pending
Building Size (RSF): 4,700 SF
Gross Land Area: 16,770 SF
Sale Price: $410,000
Unit Price: $87.23 PSF
Ceiling: 14 ft.
Property Use Type: Vacant/Owner-User
Usable Size (USF): 4,700 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/16/2021

Overview / Comments

First time on the market in 20 years! Situated at the highly visible corner of East Morgan and Bartlett Avenues in Evansville, IN, this property sees over 30,000 vehicles per day with sight lines to U.S. 41. Included are two well-built, well-maintained buildings with 3,200 SF of desirable showroom and office space, and a 1,500-SF shop building.

The office/retail building comes with high quality built-ins, desks and cabinets allowing for near turnkey occupancy. With sturdy concrete and steel construction, this building provides a strong, low-maintenance facility for decades to come. The metal building has 14-ft. ceilings, two (2) overhead doors for easy access, and a loft with tool crib for extra storage. The building is insulated and heated with a 150,000 BTU ceiling-mounted space heater, and is enclosed with 6-ft. fencing for added security.

-Excellent visibility with sight lines to U.S. 41
-Perfect for contractors looking to increase name recognition
-Convenient access to/from U.S. 41, Lloyd Expressway and I-69

Additional Details

Nearest MSA: Evansville
County: Vanderburgh
Taxing Authority: Vanderburgh County
Tax ID/APN: 82-06-16-017-017.016-027
Zoning: C-4
Property Located Between: U.S. 41 and Fares Ave.
Property Visibility: Excellent
Largest Nearby Street: U.S. 41
Feet of Frontage: 86
Traffic/Vehicle Count: 32,672
Highway Access: Located just a block west of U.S. 41, this property has convenient access to/from U.S. 41, Lloyd Expressway and I-69
Tenancy: Single Tenant
Total Number of Buildings: 2
Property Condition: Average
Year Built: 1977
Year Renovated: 2000
Roof Type: Flat
Construction/Siding: Block, Brick, Metal Siding, Steel Frame, Wood Frame
Total Parking Spaces: 12
Parking Type: Surface
Parking Description: Asphalt lot with 12 parking spaces, plus fenced-in area in front of metal building
Lot Frontage: 86
Lot Depth: 190

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,343 91,469 143,641
Median Age: 36.49 37.91 38.28
Households: 5,052 38,876 61,287


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