1000 Professional Blvd Evansville, IN 47714
This exceptional 3,105 square foot retail property, formerly a bank branch, is situated on a 0.8-acre lot in Evansville, Indiana, at 1000 Professional Blvd, zip code 47714. The single-story building is zoned C-1 and boasts a strategic location within the Professional Concourse, a premier medical office park developed due to its proximity to St. Vincent Hospital (formerly St. Mary's Hospital), a 445-bed facility. This location benefits from being in one of Evansville's highest-density residential areas, ensuring high visibility and foot traffic. The asking price is $510,000, translating to $164.25 per square foot. The property includes a deed restriction for banking use at closing. Covenants and restrictions are available for review. A key advantage is the existing lease-back agreement for the ATM, providing immediate rental income. The property's APN is 82-06-35-016-096.022-027. This presents a unique opportunity for investors seeking a high-return property in a thriving medical corridor. The building's single-story design and ample lot size offer flexibility for various retail uses. This is a turnkey opportunity with significant potential for growth and return on investment.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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Risks
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