Big Box Retail - Evansville West Side / #2338

Retail-Commercial for Sale
Catylist Listing ID: 30539374
Property Subtypes: Free-Standing Building, Garden Center, Mixed Use, Other
Building Size (RSF): 49,914 SF
Gross Building Area: See Agent
Gross Land Area: 3.93 Acres
Sale Price: $1,995,000
Unit Price: $39.97 PSF
Ceiling: 14 ft.
Property Use Type: Vacant/Owner-User
Building Name: Big Box Retail
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 12/2/2020

Overview / Comments

This ±50,000 SF big box retail facility will be available to occupy in January 2020. With the scarcity of land for development in this area, this property is ideal for a new grocer or retailer. Additionally, this site has an exclusive grocery (among others) use for the entire ±50­ acre development.

Located on Evansville's west side, this property resides within this area's highest density trade area. Large retailers in the area include Lowes, Walmart, Home Depot, Kohl's and Schnuck's. Vehicle traffic counts along W. Lloyd Expressway (SR 62) are ±47,000 ADT. Strategic location benefits from the University of Southern Indiana (USI), the fastest growing university in the state of Indiana with ±11,000 students.

Financials

Finance Data Year 2019
Real Estate Taxes - Annual($) $37,574 (Annual)

Additional Details

Nearest MSA: Evansville
County: Vanderburgh
Tax ID/APN: 82-05-27-019-019.070-025
Zoning: C-4
Retail Clientele: General, Business, Other
Property Located Between: Red Bank Road/Rosenbarger Ave
Property Visibility: Excellent
Traffic/Vehicle Count: 47,000
Highway Access: SR 62; SR 66, US 41
Airports: Evansville Regional Airport
Area Description: Located on Evansville's west side, this property resides within this area's highest density trade area. Large retailers in the area include Lowes, Walmart, Home Depot, Kohl's and Schnuck's. Vehicle traffic counts along W. Lloyd Expressway (SR 62) are ±47,000 ADT. Strategic location benefits from the University of Southern Indiana (USI), the fastest growing university in the state of Indiana with ±11,000 students.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 1980
Year Renovated: 2014
Roof Type: Flat
Construction/Siding: Block
Total Parking Spaces: 174
Parking Ratio: 3.5 (per 1000 SF)
Parking Type: Surface
Sprinklers: Wet
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: 5,067 36,217 85,227
Median Age: 34.36 37 37.95
Households: 2,381 14,807 34,612
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