Fountain Ave Evansville, IN 47710
This exceptional commercial property, located on Fountain Avenue in Evansville, Indiana, presents a fantastic opportunity for a variety of businesses. The 4800 square foot building sits on a 0.29-acre corner lot, providing excellent visibility and ample parking. The M3 zoning allows for diverse uses. The interior features two well-appointed offices, each boasting large windows for abundant natural light. Office furniture and desks are included in the sale. One office also includes a full bathroom with a shower. The remaining space is divided into three large areas, ideal for workspaces, storage, or a combination of both. Two overhead doors at the rear of the building provide convenient access for loading and unloading. Before closing, one overhead door and a portion of the rear west-side roof will be replaced. An additional lot to the west offers potential for expansion, such as creating additional parking or constructing new building space. The combination of prime location, versatile layout, and included improvements makes this property an attractive investment. The property's corner lot ensures high visibility, making it an ideal location for businesses seeking strong exposure to potential customers. This is a rare opportunity to acquire a well-maintained commercial building in a desirable location. The property is priced at $224,900.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.