840 Diamond Ave Evansville, IN 47711-3420
This exceptional commercial property in Evansville, Indiana, presents a unique investment opportunity. Situated on a 1.3-acre lot, the building offers a substantial 15,360 square feet of space, encompassing a main floor and a spacious basement. Previously utilized as a bank branch, the layout is highly adaptable and includes a welcoming reception area, several private offices, ample conference rooms, and four restrooms (two on each floor). The basement provides additional office space, a kitchen/breakroom, extensive storage, and two vaults. A significant advantage is the inclusion of two drive-through service lanes, making it ideally suited for businesses such as coffee shops, food franchises, or pharmacies. Alternative uses could include another bank branch, professional offices, or showrooms for tile, bath, or cabinetry. The property also boasts 38 paved parking spaces, ensuring convenient access for employees and customers. Its prime location in a high-traffic area with excellent visibility and proximity to major thoroughfares and the central business district makes this a highly desirable asset for businesses seeking a strong presence in Evansville. The asking price is $399,000.
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Diamond Valley Federal Credit Union - Administrative Center Credit Union
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
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
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Risks
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