4245 1St Ave Evansville, IN 47710

This exceptional investment opportunity presents a 6,489 square foot, multi-tenant storefront located at 4245 N First Ave, Evansville, Indiana, 47710. The property, built in 1964, sits on a 0.56-acre lot (APN: 82-06-07-034-082.051-020) and is zoned C-4 & C-1, offering flexibility for various retail uses. The two-story building features five separate units, currently with one leased and the owner occupying the remainder. The owner is downsizing, creating immediate opportunities for new tenants. Each unit has its own electric meter, and two shared water meters service the entire center. This prime location within Evansville's "North Park" shopping district provides excellent visibility on First Avenue. The property is available for occupancy on October 1, 2024, and is offered at an asking price of $450,000. The building's configuration allows for four ground-floor retail spaces and a second-floor apartment, presenting a unique blend of retail and residential potential. This is a rare chance to acquire a well-situated, multi-tenant retail property in a thriving commercial area. Don't miss this chance to capitalize on a strong investment opportunity in a desirable location.