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    501 9Th Ave Evansville, IN 47712

    Sponsored
    For Sale
    $999,000

    Three-building warehouse, great location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a rare find in Evansville, Indiana's thriving west side industrial market. The property, located at 501 N 9th Ave, encompasses a substantial 1.4-acre lot and features three single-story buildings constructed in 1940. Currently operating as a Napa Auto Parts store, the property is zoned M-3, allowing for a variety of industrial and potentially retail uses. The buildings offer one dock-high door for efficient loading and unloading. The asking price is $999,000. The current tenant, Napa Auto Parts, is willing to sign a two-year leaseback agreement at a monthly net-net-net (NNN) rent of $7,500, providing immediate cash flow for the new owner. Alternatively, the owner is open to relocating their business sooner, offering flexibility to the buyer. The property's Assessed Parcel Numbers (APNs) are 82-05-24-030-020.001-029, 82-05-24-030-020.002-029, and 82-05-24-030-022.001-029. This presents a unique chance to acquire a well-located, established industrial property with strong potential for future growth and income. The property is situated in Vanderburgh County, Indiana, with a convenient Evansville address and zip code 47712.

    Property Features for 501 9Th Ave

    General Information

    Property type
    Distribution properties
    Lot Size
    60,984 SF

    Building Details

    Year Built
    1940
    Buildings
    3
    Stories
    1

    HighLights

    • $999,000 asking price.
    • 1.4‑acre lot with three 1‑story buildings.
    • M‑3 zoning.
    • 1940 construction.
    • One dock‑high door.
    • 501 N 9th Ave, Evansville, IN 47712.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Evansville
    County
    Vanderburgh
    State
    Indiana
    Longitude
    -87.5916892
    Latitude
    37.9827473

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    FAQs

    What type of property is this?
    Distribution property - Three-building warehouse, great location.
    Where is this distribution property located?
    The property is located at 501 9Th Ave Evansville, IN.
    What is the asking price?
    The asking price for this property is $999,000.
    What are key features of this property?
    This property features: $999,000 asking price.; 1.4-acre lot with three 1-story buildings.; M-3 zoning.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    501 9Th Ave Evansville, IN 47712
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