Bank Branch / #2371

Retail-Commercial for Sale
Catylist Listing ID: 30765316
Property Subtypes: Free-Standing Building, Restaurant, Street Retail, Other
Building Size (RSF): 4,441 SF
Gross Building Area: See Agent
Gross Land Area: 1.31 Acres
Sale Price: $1,200,000
Unit Price: $270.21 PSF
Property Use Type: Investment, Vacant/Owner-User
Building Name: Bank Branch
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/19/2021

Overview / Comments

- 5/3 Bank branch scheduled to close January 7, 2022 - Class A facility

- Located along one of the most highly-traveled corridors (US 41) in the Evansville-Henderson MSA (40,500 VPD) commonly known as the *Henderson Strip*

- Fronting 2 streets (US 41 & N Elm St)

- Priced below Assessed Value

Financials

Finance Data Year 2021
Real Estate Taxes - Annual($) $18,998 (Annual)
Tax Value Land $666,000
Tax Value Improvements $562,000
Assessed Value - Total($) $1,228,000 (Annual)

Additional Details

Nearest MSA: Evansville
County: Henderson
Tax ID/APN: 55B-15
Zoning: HIGHWAY COMMERCIAL
Retail Clientele: General, Business, Other
Property Visibility: Excellent
Largest Nearby Street: US 41
Feet of Frontage: 207
Traffic/Vehicle Count: 40,500
Airports: Evansville Regional Airport
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Year Built: 1999
Roof Type: Gable
Construction/Siding: Brick
Total Parking Spaces: 34
Parking Ratio: 7.7 (per 1000 SF)
Parking Type: Surface
Lot Frontage: 207
Lot Depth: 274
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Fee Simple

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,098 16,497 39,361
Median Age: 40.29 40.09 38.22
Households: 2,336 7,147 16,508

Contact

Photograph of Listing Agent

Chris Jackson, CCIM, SIOR

Woodward Commercial Realty, Inc. ICREX Member
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