Catylist ID:
#30849599
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 |
Attachments & Media
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 |
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 |
| © Copyright 2001-2023 Moody's. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Indiana Commercial Board of REALTORS® nor Moody's assume any liability for errors or omissions. |
