Catylist ID:
#30810706
| Catylist Listing ID: | 30810706 |
| Property Subtypes: | Office Building |
| Building Size (RSF): | 10,349 SF |
| Gross Land Area: | 0.53 Acres |
| Sale Price: | $699,000 |
| Unit Price: | $67.54 PSF |
| Property Use Type: | Investment, Vacant/Owner-User |
| Class of Space: | Class B |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 5/16/2023 |
Overview / Comments
|
Attractive, brick office building available for sale on North Main Street, less than ½ mile from the Lloyd Expressway and Downtown Evansville. -Convenient location near Deaconess Hospital, Berry Global and CenterPoint Energy -Perfect for use as a partially owner-occupied building with additional tenant income -Newer white rubber membrane roof, under warranty through 2028 -Recent capital improvements include: Renovated all restrooms and both kitchens, new carpet and paint throughout the building, parking lot resealed and striped -Current tenants include Apostolic World Christian Fellowship, Variant eCommerce, Gateway Residential Services and Hensley Legal Group. Some tenants currently have short-term leases, but may consider longer terms -Revitalized streetscape along the North Main business corridor with the completion of a $16.7M capital improvement project, providing new and widened sidewalks, bike paths, landscaping and lighting |
Attachments & Media
Additional Details
| Nearest MSA: | Evansville |
| County: | Vanderburgh |
| Taxing Authority: | Vanderburgh County |
| Tax ID/APN: | 82-06-20-025-027.001-029; 82-06-20-025-027.016.029 |
| Zoning: | C-4 |
| Property Located Between: | W. Virginia St. and W. Michigan St. |
| Property Visibility: | Good |
| Total Number of Buildings: | 1 |
| Number of Stories: | 2 |
| Typical SF / Floor: | 5,000 SF |
| Year Built: | 1954 |
| Year Renovated: | 2018 |
| Roof Type: | Flat |
| Construction/Siding: | Brick |
| Parking Type: | Surface |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 13,516 | 83,872 | 135,986 |
| Median Age: | 37.47 | 37.29 | 37.77 |
| Households: | 5,349 | 34,942 | 58,477 |
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