750 Kentucky AveEvansville, IN 47714
- Retail properties
- 3,040 SF
Property Details for 750 Kentucky Ave
- Year built
- 1900
- Construction
- WOOD
- Lot size
- 0.86 AC
- Property size (Sq ft)
- 3,040 SF
- Property type
- Retail properties
- Property subtype
- Retail space
- APN
- 82-06-28-015-037.009-027
- APU
- 820628015037009027
Description
This 3,040-square-foot storefront, located at 750 S Kentucky Ave in Evansville, Indiana, presents a compelling investment opportunity. Built in 1963, the single-story building sits on a 0.86-acre lot and is zoned C-1. The property boasts 20 parking spaces in a gravel lot, adding significant convenience for customers. Inside, the space is well-suited for a variety of retail uses, featuring a grease trap and ventilation hood, suggesting previous food service operations. A 24' x 36' detached garage provides additional storage or workspace. Its strategic location offers excellent accessibility, being only 0.3 miles from US Highway 41 and 1.7 miles from downtown Evansville, ensuring high visibility and convenient access for both customers and employees. The asking price is $250,000, translating to $82.24 per square foot. The property's APN is 82-06-28-015-037.009-027. This property is ready for a new owner to capitalize on its prime location and versatile features.
Valuation
by Realmo methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $771,994
- 6.5%
- $712,610
- 7%
- $661,710
-
Comparable approach
- Method
- Valuation
- Relative Method
- $659,442
- Geo Method
- $659,442
-
Alternative Use
- Use
- Valuation
- Residential
- $601,113
- Hospitality
- $550,617
- Educational
- $458,107
- Medical
- $473,862
- Retail
- $712,610
Location Insight
- City
- Evansville
- County
- Vanderburgh
- State
- Indiana
- Latitude
- 37.9672
- Longitude
- -87.547
- CBSA code
- 21780
- CBSA name
- EVANSVILLE, IN-KY METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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