Multi-Tenant Building / #2331

Office for Sale
Also listed as Retail-Commercial
Catylist Listing ID: 30499642
Property Subtypes: Medical, Mixed Use, Flex Space, Office Building, Other
Building Size (RSF): 7,759 SF
Gross Building Area: See Agent
Gross Land Area: 0.28 Acres
Sale Price: $299,000
Unit Price: $38.54 PSF
Property Use Type: Investment, Vacant/Owner-User
Class of Space: Class C
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/5/2021

Overview / Comments

Originally constructed as a multi-tenant commercial property. Property has 3 units, comprised of office, medical and retail space. One of the current tenants, Valley Surgery Center, is scheduled to move to a newly-built location in September 2019.

Located in the Jacobsville Neighborhood (north-central area of Evansville). This property is strategically located near Deaconess Midtown Hospital, the anchor and largest hospital in the Tri-State area, consisting of 350 beds. Due to its central location, it has convenient access to major highways (Lloyd Expressway/SR 62 & US 41) and road systems in the Evansville area.


Finance Data Year 2018
Real Estate Taxes - Annual($) $8,013 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: Evansville
County: Vanderburgh
Tax ID/APN: 82-06-20-025-019.011-029
Zoning: C-4
Property Visibility: Good
Highway Access: Lloyd Expressway (SR 62); US 41
Airports: Evansville Regional Airport
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 1974
Roof Type: Gable
Construction/Siding: Brick
Parking Ratio: 3.9 (per 1000 SF)
Parking Type: Surface
Total Parking Spaces: 30
Lot Frontage: 150
Lot Depth: 81
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: 12,600 84,297 134,323
Median Age: 37.08 37.19 37.87
Households: 4,970 35,172 57,740
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