5115 Oak Grv Rd Evansville, IN 47715-2340
This exceptional 22,132-square-foot flex space presents a remarkable investment opportunity in Evansville's thriving Eastside. Strategically located between Green River Road and Burkhardt Road, off Morgan Avenue, this property boasts high visibility and traffic flow. Originally configured as a warehouse with office space, it was later adapted for retail use and even served as classroom space. The building features a single-story and a second story, encompassing a total of 22,132 square feet, with 18,000 square feet currently vacant. A dock-high loading door and bay are conveniently situated on the west side, providing easy access to a freight elevator. The property includes a robust 800-amp, 3-phase electrical service, ensuring ample power for diverse business needs. Parking is readily available with 60 spaces. The building's classification is C, and it was constructed in 1973. Its convenient location offers easy access to major transportation arteries, sitting just 1.2 miles from the intersection of I-69 and IN-62. The property sits on 2.19 acres of land and is zoned M-2. The property's address is 5115 Oak Grove Road, Evansville, MSA, with the APN 82-06-24-017-159.017-027 and cross street Morgan Ave. This versatile property is perfect for a variety of uses and represents a compelling opportunity for investors seeking a high-return asset in a prime location.
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Riecken's Foot Comfort World Pharmacy Clothing & Fashion Store
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Kinder Warehouse & Storage
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
Physical attributes from public recordsZoning & alternative use
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Risks
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