315 Fares Ave Evansville, IN 47711-5703
This exceptional commercial property, located at 315 N Fares Ave in Evansville, Indiana, presents a unique investment opportunity. The property consists of two buildings totaling 4,128 square feet on a 0.5-acre lot (APN: 82-06-21-024-071.015-029). Built in 1978 and extensively renovated in 2023, this traditional office space offers two units and boasts a prime location directly adjacent to Highway 41, ensuring high visibility and excellent signage opportunities. The property's history as a car lot provides ample parking. The main office building underwent a complete renovation within the last year, featuring updated interiors. The roof is only six years old, and the exterior was painted four years ago, minimizing immediate maintenance needs. An additional detached garage offers valuable extra storage space. The property is zoned C-4, allowing for a variety of commercial uses. This property is ideal for businesses seeking a combination of office space, storage, and high visibility in a bustling Evansville location. The asking price is $369,900.
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Royal Deal Vehicle Sales Car Dealership
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Everlasting Floors and Solutions General Contractor Renovation Specialist
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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