501 9Th Ave Evansville, IN 47712
- Warehouses
- 18,329 SF
- 0.63 lot acres
Current Use by Public Records
- Warehouses
Property Details for 501 9Th Ave
- Year built
- 1919
- Construction
- WOOD
- Lot size
- 0.63 lot acres
- Property size
- 18,329 SF
- Property type
- Warehouses
- APN
- 82-05-24-030-020.001-029
- APU
- 820524030020001029
Description
This exceptional investment opportunity presents a rare find in Evansville, Indiana's thriving west side industrial market. The property, located at 501 N 9th Ave, encompasses a substantial 1.4-acre lot and features three single-story buildings constructed in 1940. Currently operating as a Napa Auto Parts store, the property is zoned M-3, allowing for a variety of industrial and potentially retail uses. The buildings offer one dock-high door for efficient loading and unloading. The asking price is $999,000. The current tenant, Napa Auto Parts, is willing to sign a two-year leaseback agreement at a monthly net-net-net (NNN) rent of $7,500, providing immediate cash flow for the new owner. Alternatively, the owner is open to relocating their business sooner, offering flexibility to the buyer. The property's Assessed Parcel Numbers (APNs) are 82-05-24-030-020.001-029, 82-05-24-030-020.002-029, and 82-05-24-030-022.001-029. This presents a unique chance to acquire a well-located, established industrial property with strong potential for future growth and income. The property is situated in Vanderburgh County, Indiana, with a convenient Evansville address and zip code 47712.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Evansville
- County
- Vanderburgh
- State
- Indiana
- Longitude
- -87.5916
- Latitude
- 37.9827
- CBSA code
- 21780
- CBSA name
- EVANSVILLE, IN-KY METROPOLITAN STATISTICAL AREA
