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Property profile & analytics
FOR LEASE
Truck terminals

1416 Meyer Ave Evansville, IN 47710

8,150 SF 2.1 ac lot Built 1962
Entity Owned Absentee Owner Free & Clear
Property ID
US31-2516661
Property summary
AI-generated overview

This exceptional 8,150-square-foot distribution facility, located at 1416 Meyer Avenue in Evansville, Indiana, presents a rare opportunity. Built in 2010, this single-story building boasts a 12-foot ceiling height, ideal for efficient warehousing and logistics operations. The property features 26 loading docks, significantly enhancing operational capacity and streamlining the shipping and receiving process. Its strategic location within the Northside submarket of Evansville, Vanderburgh County, offers excellent access to major transportation routes. The property is zoned M-2, allowing for versatile usage, and includes the unique advantage of being a cross-dock facility, further optimizing workflow. Currently, one space is available for lease, offering a sublease opportunity extending through December 31, 2027. The monthly lease price is $500 per dock, and it's important to note that utilities, property expenses, and building services are not included in the lease rate. This property is perfect for businesses seeking a well-equipped, strategically located distribution center in the Evansville area. The property's zoning also allows for outside storage, adding to its functional versatility.

Property profile
Verified
Property type Truck terminals
Use group TRUCK TERMINAL (MOTOR FREIGHT)
Year built 1962
Construction TYPE NOT SPECIFIED
Total area 8,150 SF
Lot 2.1 ac (91,650 SF)
APN 82-05-13-034-432.001-020
UPID US31-2516661
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • AAA Cooper Transportation Trucking Company
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
2780 KRATZVILLE LLC
2780 KRATZVILLE LLC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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