Renovated Restaurant with Commercial
966 Washington Ave Evansville, IN 47713
For Sale
Contact for pricing
Pending
Renovated in 2021 with replacement roof, HVAC, and kitchen equipment including refrigeration and dough mixer.
Property Size939 SF
Days on Market22
Property Features for 966 Washington Ave
General Information
Standard status
Pending
Size
939 SF
Property subtype
RETAIL
Listing Agency:
F.C. Tucker Commercial
(812) 480-0553
Listed By:
Will Smith · License #RB18000507
(812) 480-0553
Source:
Moodyscre
Added: Jul 9
Changed: Jul 28
Last Checked: Jul 29 at 2:56PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of F.C. Tucker Commercial
Investment Insights
Based on property information with market context.
This restaurant property was renovated in 2021, with replacement roof, plumbing, electrical, HVAC, and an alarm system. The included equipment is described as like new and features refrigeration and freezer units, a prep table with a cooling element, a dough roller, mop and hand sinks, and a dough mixer.
The property is for sale at 966 Washington Ave in Evansville, Indiana. Seller financing is available.
For a buyer seeking a turnkey commercial kitchen setup, the combination of recent systems replacement and the listed food-prep and refrigeration equipment is the core offering.
The property is for sale at 966 Washington Ave in Evansville, Indiana. Seller financing is available.
For a buyer seeking a turnkey commercial kitchen setup, the combination of recent systems replacement and the listed food-prep and refrigeration equipment is the core offering.
Key Highlights
- Renovated in 2021 with replacement roof, plumbing, electrical, HVAC, and alarm system
- Kitchen equipment included: like‑new refrigeration and freezer units, dough mixer, and prep table with cooling element
- Includes additional equipment: dough roller, mop sink, and hand sink
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $22.5k | $24.00 |
| − Vacancy | −$1.8k | −$1.92 |
| EGI | $20.7k | $22.08 |
| − OpEx | −$5.2k | −$5.52 |
| NOI | $15.5k | $16.56 |
939 SF · lease $24.00/SF/yr · vacancy 8.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$222.1K
$194.4K – $259.2K
NOI $15,550 @ 7.0% cap · market cap 7.97%
Second Best
Industrial
$126.3K
$110.5K – $147.3K
NOI $8,840 @ 7.0% cap · market cap 4.53%
Theoretical Best
Office A
$233.1K
$204.0K – $272.0K
NOI $16,318 @ 7.0% cap · market cap 8.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Commercial kitchen - Renovated in 2021 with replacement roof, HVAC, and kitchen equipment including refrigeration and dough mixer.
Where is this commercial kitchen located?
The property is located at 966 Washington Ave Evansville, IN.
What is the asking price?
The asking price for this property is $195,000.
What are key features of this property?
This property features: Renovated in 2021 with replacement roof, plumbing, electrical, HVAC, and alarm system; Kitchen equipment included: like‑new refrigeration and freezer units, dough mixer, and prep table with cooling element; Includes additional equipment: dough roller, mop sink, and hand sink
