Franklin Street, 2318 W/#2278

Retail-Commercial for Sale
Also listed as Office
Catylist Listing ID: 30054764
Property Subtypes: Free-Standing Building, Mixed Use, Street Retail, Tavern/Bar/Nightclub, Other
Building Size (RSF): 6,200 SF
Gross Land Area: 0.14 Acres
Sale Price: $396,800
Unit Price: $64 PSF
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Last Updated: 12/17/2018

Overview / Comments

* Located on highly-desirable West Franklin Street - Home of Evansville's Fall Festival

* Low vacancy and high-demand area of Evansville, IN

* On-site parking, which is scarce in the Franklin Street District

* Remodeled in 2013 (main level)

* 2nd Level could be a nice apartment conversion

Financials

Finance Data Year 2016
Real Estate Taxes - Annual($) $3,120 (Annual)

Current Tenants

Tenant Business Name Need A Nurse
SF of Space Occupied 3,100 SF

Additional Details

Nearest MSA: Evansville
County: Vanderburgh
Tax ID/APN: 82-05-24-030-038.008-029
Property Visibility: Excellent
Largest Nearby Street: St. Joseph Avenue
Feet of Frontage: 50
Traffic/Vehicle Count: 11,000
Highway Access: SR 62 (Lloyd Expressway)
Airports: Evansville Regional Airport
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 3,100 SF
Year Built: 1894
Year Renovated: 2013
Roof Type: Flat
Construction/Siding: Block, Brick, Brick/Vinyl Siding, Metal/Glass
Total Parking Spaces: 6
Parking Type: Surface
Parking Description: The property consists of 6 on-site parking spaces, which is scarce in the Franklin Street District.
Freight Elevators: 1
Heat Type: Electricity, Natural Gas, Suspended Radiant Heaters
Heat Source: Central, Radiant
Air Conditioning: Engineered System
Lot Frontage: 50
Lot Depth: 119
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Fee Simple
Legal Description: LAMASCO LOTS 9 & 10 BL 92

View FullscreenMap

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
The information presented herein is provided as is, without warranty of any kind. Neither Commercial Property Information Exchange (CPIX) nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.