105 9th Ave Evansville, IN 47712
This exceptional industrial property, located at 105 N 9th Ave in Evansville, Indiana, presents a unique investment opportunity. Boasting a substantial 21,477 square feet of space, this single-story building, constructed in 1894 and renovated in 1936, sits on a 0.88-acre lot. The property's versatile layout includes a warehouse, office, and showroom areas, catering to diverse business needs. The warehouse component offers significant potential for subdivision into multiple rental units, generating additional income streams. The property features five convenient drive-in bays, enhancing operational efficiency. Its strategic location on Evansville's west side, just one block south of W. Franklin Street, places it within a vibrant entertainment and development district. The property is zoned M-3, providing flexibility for various industrial uses. The APN is 82-05-24-030-045.004-029. This is an excellent opportunity to acquire a well-situated, adaptable industrial property in a thriving area of Evansville. The asking price is $399,000.
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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Costs & Benchmarks
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Risks
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