6107 Fares Ave Evansville, IN 47711-1911
This Evansville, Indiana industrial property offers a compelling investment opportunity at $698,000. The 3.46-acre lot houses three buildings totaling 11,000 square feet, ideal for various uses. Building 1, a 2,400 square foot post-frame structure, features three roll-up doors and a fenced, gated outdoor storage area with shipping containers. Building 2, a 3,200 square foot multi-tenant steel building, includes three bays, each with an overhead door, and one bay offers two offices, a restroom, and a shower. Building 3, a 4,200 square foot post-frame building completed in 2020, boasts a 22-foot high ceiling, clear span design, propane heat, three 14-foot overhead doors, and a 200 AMP service. This building also includes an 18'x35' steel mezzanine. Two additional modular office spaces, measuring 528 and 672 square feet respectively, are also included. The property is zoned M-2 and features a single story across all buildings, constructed in 1987 (Building 3 completed in 2020). The APN is 82-06-04-034-097.003-020. This property presents a unique blend of existing structures and ample land, making it suitable for expansion or diverse operational needs. The location in Vanderburgh County, Indiana, offers convenient access to transportation routes and local amenities.
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
Costs & Benchmarks
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Risks
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