2314-2316 W. Franklin St.

Retail-Commercial for Sale
Sale Pending
Also listed as Office
Catylist Listing ID: 30849599
Property Subtypes: Street Retail
Status: Pending
Building Size (RSF): 7,520 SF
Gross Land Area: 5,950 SF
Sale Price: $570,000
Unit Price: $75.80 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/18/2023

Overview / Comments

Investment opportunity on Evansville's West Franklin Street! Retail/Office buildings with apartment income available for sale, located on desired West Franklin Street, just east of Saint Joseph Avenue, on Evansville’s west side.

-Well located within Evansville’s revitalized West Franklin district among a variety of small businesses including retail shops, restaurants, offices and banks
-Retail/office space on first floor; three (3) apartments on second floor
-Two (2) 2BR/1BA apartments, currently leased for $1,050 per month each; One (1) 1BR/1BA apartment, currently leased for $750 per month
-Apartments renovated in the last year
-PROFORMA annual income: $91,164.00
-Area businesses include Paul’s Pharmacy, Franklin Street Dentistry, Pet Food Center, Sportsman’s Grille & Billiards, Law Offices of Steven Deig, Thyme in the Kitchen, Paul’s Menswear, Kite & Key Café and many more

Additional Details

Nearest MSA: Evansville
County: Vanderburgh
Taxing Authority: Vanderburgh County
Tax ID/APN: 82-05-24-030-037.006-029; 82-05-24-030-037.007-029
Zoning: C-4
Retail Clientele: General
Property Located Between: St. Joseph Ave. & N. 12th Ave.
Property Visibility: Good
Largest Nearby Street: St. Joseph Ave.
Tenancy: Multiple Tenants
Total Number of Buildings: 2
Number of Stories: 2
Property Condition: Average
Total Parking Spaces: 4
Parking Description: 4 dedicated spaces in rear; street parking

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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
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