7925 Burch Park Dr Evansville, IN 47725-1787
- Office Properties & Spaces
- 5,496 SF
- 2.41 lot acres
Current Use by Public Records
- Stage One Media & Marketing / Advertising Agency / Branding Agency
Property Details for 7925 Burch Park Dr
- Year built
- 1978
- Construction
- WOOD
- Lot size
- 2.41 lot acres
- Property size
- 5,496 SF
- Property type
- Office Properties & Spaces
- APN
- 82-04-28-002-486.006-019
- APU
- 820428002486006019
Description
This exceptional two-story office building, situated on a 2.41-acre lot in Evansville, Indiana, presents a compelling investment opportunity. Boasting 5,376 square feet of well-appointed space, this traditional office building is priced at $530,000, or $98.59 per square foot. Constructed in 1978, the property features twelve private offices, a conference room, a training room, and two restrooms and kitchenettes on each floor. The building is conveniently located on Burch Park Drive, offering easy access to Highway 41 and State Road 57, just minutes from the Evansville Regional Airport. The property's zoning is M-1, and the building itself is a 30' x 40' steel structure with a finished interior and central HVAC. The assessed property number (APN) is 82-04-28-002-486.006-019. The building is ready for occupancy on August 16, 2024. This property is perfect for a business seeking a well-established and conveniently located office space in a thriving area of Evansville. The ample square footage and numerous private offices provide flexibility for a variety of business needs. The strategic location ensures easy access for employees and clients alike. Don't miss this chance to acquire a valuable commercial property in a desirable location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $365,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $420,000
- 6.5%
- $395,000
- 7%
- $480,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $425,000
- Geo Method
- $490,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $460,000
- Retail
- $510,000
- Mixed-Use
- $410,000
- Hospitality
- $495,000
- Educational
- $495,000
- Residential Income
- $455,000
- Energy
- $445,000
- Income-Based Land
- $415,000
- Food Service
- $420,000
Location Insight
- Map
- Local Demand
- City
- Evansville
- County
- Vanderburgh
- State
- Indiana
- Longitude
- -87.5371
- Latitude
- 38.0507
- CBSA code
- 21780
- CBSA name
- EVANSVILLE, IN-KY METROPOLITAN STATISTICAL AREA