20 3Rd StEvansville, IN 47708

Property Details for 20 3Rd St

Year built

1981

Construction

STEEL FRAME

Lot size

0.96 AC

Property size (Sq ft)

331,588 SF

Property type

Office properties

Property subtype

Other office properties

APN

82-06-30-020-015.001-029

APU

820630020015001029

Description

The Fifth Third Center, located at 20 NW 3rd St in Evansville, Indiana, presents a unique opportunity for businesses seeking prime downtown office space. This Class A, two-story building, totaling 178,000 square feet, underwent renovations in 2018 and boasts a desirable location just two blocks from the Ohio River. The building features six high-quality suites, with sizes ranging from a minimum of 899 square feet to a maximum contiguous space of 6,000 square feet. Currently, 21,593 square feet of space is available for lease. The building is situated in a vibrant area, surrounded by numerous restaurants, other professional offices, residential buildings, and additional retail establishments, ensuring high visibility and convenient access to amenities. The property sits on a 1.37-acre lot and is zoned C-4. Building amenities include six elevators (five passenger and one freight). Built in 1981, this property offers a blend of classic architecture and modern updates, making it an ideal location for businesses of all sizes. The landlord is open to build-to-suit options for larger tenants. This is a multi-tenant building in the heart of Evansville's downtown submarket, within Vanderburgh County, Indiana, and conveniently located near the Ohio River. The property's address is 20 NW 3rd St, Evansville, IN 47708.

• CAP approach

  CAP return

  Valuation

  6%

  $57,282,512

  6.5%

  $52,876,168

  7%

  $49,099,296

• Comparable approach

  Method

  Valuation

  Relative Method

  $28,543,096

  Geo Method

  $28,543,096

• Alternative Use

  Use

  Valuation

  Residential

  $65,566,448

  Hospitality

  $60,058,512

  Educational

  $49,967,976

  Medical

  $51,686,452

  Retail

  $77,727,968

Location Insight

City

Evansville

County

Vanderburgh

State

Indiana

Latitude

37.9714

Longitude

-87.5732

CBSA code

21780

CBSA name

EVANSVILLE, IN-KY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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