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2162 E Morgan Ave Evansville, IN 47711

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For Sale
$175,000

Land with two leased houses, investment opportunity.

Lot size:
1.36 Acres

Property Features for 2162 E Morgan Ave

General Information

Lot size
1.36 Acres
Source: Moodyscre

Listing Agent: Mike Richardson, Ccim

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Land with Leased Houses

The property includes two houses that are currently leased. The front house, located at 2162 E. Morgan, contains two apartments, one on the first floor and another on the second floor. A lower level exists that could potentially be renovated and leased as a third apartment. The landlord is responsible for covering the utilities for this property. The small house in the back, located at 2164 E. Morgan, is leased to a long-term tenant who pays all utilities. The side lot to the east is leased to Morton Solar. The location benefits from a high traffic count, with over 40,000 cars passing by daily. Nearby businesses include Dollar Tree, CVS, Marathon, and Morton Solar. This property is ideal for new commercial real estate construction or as an investment property with existing residential tenants.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Land

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Evansville
County
Vanderburgh
State
Indiana
Longitude
-87.5246711
Latitude
37.991909

FAQs

What type of property is this?
Land - Land with two leased houses, investment opportunity.
Where is this land located?
The property is located at 2162 E Morgan Ave Evansville, IN.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: - High traffic count (over 40,000 cars per day) ideal for commercial development.; - Existing residential tenants provide immediate income stream.; - Potential for a third apartment in the front house's lower level.
More about this property
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