4245 N 1St Ave Evansville, IN 47710

Property Details for 4245 N 1St Ave

Year built

1964

Construction

TYPE NOT SPECIFIED

Lot size

0.56 lot acres

Property size

6,489 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

82-06-07-034-082.051-020

APU

820607034082051020

Description

This exceptional investment opportunity presents a 6,489 square foot, multi-tenant storefront located at 4245 N First Ave, Evansville, Indiana, 47710. The property, built in 1964, sits on a 0.56-acre lot (APN: 82-06-07-034-082.051-020) and is zoned C-4 & C-1, offering flexibility for various retail uses. The two-story building features five separate units, currently with one leased and the owner occupying the remainder. The owner is downsizing, creating immediate opportunities for new tenants. Each unit has its own electric meter, and two shared water meters service the entire center. This prime location within Evansville's "North Park" shopping district provides excellent visibility on First Avenue. The property is available for occupancy on October 1, 2024, and is offered at an asking price of $450,000. The building's configuration allows for four ground-floor retail spaces and a second-floor apartment, presenting a unique blend of retail and residential potential. This is a rare chance to acquire a well-situated, multi-tenant retail property in a thriving commercial area. Don't miss this chance to capitalize on a strong investment opportunity in a desirable location.

Location Insight

City

Evansville

County

Vanderburgh

State

Indiana

Longitude

-87.5737

Latitude

38.0175

CBSA code

21780

CBSA name

EVANSVILLE, IN-KY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments