Technical
Financial
Distress signals
Property profile

1500 W Broadway St Princeton, IN 47670

FOR SALE
Outlet malls
Property ID
US31-2108082
99,372 SF 13.89 ac lot Built 1971
Entity Owned 3-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 99,454 square foot retail strip center, located at 1500 W Broadway St, Princeton, IN 47670, presents a unique investment opportunity. Built in 1970 and extensively renovated in 2017, the single-story building boasts a prime location on West Broadway Street, with convenient access via Second Ave. The property is zoned GB and features a total of one building. Multiple spaces are available, ranging from a minimum of 7,620 square feet to a maximum contiguous space of 25,367 square feet, offering flexibility for various retail concepts. The center benefits from strong existing tenancy, including a Ruler Foods anchor tenant, along with Cricket Wireless, American Rental, Auto Zone, Luxury Nails, Yamato Japanese Steakhouse, Scooter's Coffee, and New Image Family Fitness. This established neighborhood center provides everyday conveniences to its customers, situated amongst residential areas and complementary businesses. The property's APN is 26-11-12-302-002.215-028. This is an ideal opportunity to establish or expand your retail presence in a thriving Indiana community. The property offers high visibility and accessibility, making it an attractive location for a variety of businesses. The recent renovations ensure the property is in excellent condition and ready for immediate occupancy.

Property profile

Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 1971
Construction TYPE NOT SPECIFIED
Total area 99,372 SF
Lot 13.89 ac (604,831 SF)
APN 26-11-12-302-002.215-028
UPID US31-2108082

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Atm Currency Exchange Service
  • Bank Credit Union

Location

1500 W Broadway St Princeton, IN 47670
Princeton metro Census 50502 EVANSVILLE, IN-KY METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.93M

Owner & transaction history

since 2023
1 recorded transaction
2023
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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