1449 Kimber Ln Evansville, IN 47715

Exceptional investment opportunity in Evansville, Indiana. This Class A, 17,916 square foot office building, known as Waterford Plaza, is situated on a 1.99-acre lot (APN: 09-635-16-135-009) at 1449 Kimber Ln, Evansville, IN 47715. Built in 1999, the single-story building features a C-2 zoning designation. The property boasts a strong rent roll with actual and proforma income statements available, showcasing longer-term triple net (NNN) leases with built-in rent increases. Currently (as of March 19, 2024), there are two vacancies presenting a significant value-add opportunity for a new owner. The building's prime location on Evansville's east side offers convenient access to dining, shopping, housing, and entertainment. Recent capital improvements include a complete roof, fascia, and gutter replacement in 2024, and four HVAC rooftop units were replaced in 2023. The asking price is $2,800,000, translating to $156.28 per square foot. This property is ideal for investors seeking a stable, income-producing asset with immediate upside potential. The property is suitable for medical and traditional office uses, as well as financial businesses.