5705 Morgan AveEvansville, IN 47715

For Sale
$799,000
13,500 SF Industrial Building, 100% Occupied

Overview

Added:
Dec 11, 2024
Days on market:
126
This exceptional 13,500-square-foot industrial property, located at 5705 E Morgan Ave in Evansville, Indiana, presents a compelling investment opportunity. The Class B building, constructed in 1987, sits on a 1.56-acre lot and is zoned M-2. Currently operating at 100% occupancy with four separate tenants, this multi-tenant property offers immediate cash flow. Each of the four units is priced at $199,750, with a total asking price of $799,000, translating to $59.19 per square foot. The property boasts high visibility on a major thoroughfare, enhancing its appeal to both owner-occupants and investors. The building's current configuration allows for diverse uses, providing flexibility for future development. Further adding to the property's value is a monthly billboard income of $250. The property's APN is 82-06-13-017-170.002-027. This is a rare opportunity to acquire a well-located, income-producing industrial property in a thriving market. The property's strong tenancy and diverse income streams make it an attractive investment for those seeking a stable and profitable asset.

Highlights

  • 13,500 SF industrial building on a 1.56-acre lot in Evansville, IN.
  • Class B building, built in 1987, zoned M-2.
  • 100% occupancy with four tenants, generating immediate cash flow.
  • Asking price: $799,000 ($59.19/SF); individual units priced at $199,750 each.
  • High visibility on a major thoroughfare, offering flexibility for diverse uses.
  • APN: 82-06-13-017-170.002-027; Includes $250/month billboard income.

Property Details for 5705 Morgan Ave

Property type
Warehouses, Industrial properties
Square Feet
13,500 SF
Class
B
Year Built
1987
Buildings
1
Lot Size (sq. ft)
67,954 SF
Units
4

Location Insight

City
Evansville
County
Vanderburgh
State
Indiana
Latitude
37.99338504138
Longitude
-87.481759052512
5705 Morgan Ave, Evansville, Indiana

FAQs

What type of property is this?
Warehouse - 13,500 SF Industrial Building, 100% Occupied
Where is the warehouse located?
The property is located at 5705 Morgan Ave Evansville, IN.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 13,500 SF industrial building on a 1.56-acre lot in Evansville, IN.; Class B building, built in 1987, zoned M-2.; 100% occupancy with four tenants, generating immediate cash flow.
How can I contact the broker?
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5705 Morgan Ave
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