802 Main StBoonville, IN 47601

Property Details for 802 Main St

Year built

1986

Construction

TYPE NOT SPECIFIED

Lot size

0.40 AC

Property size (Sq ft)

1,197 SF

Property type

Parking lots & garages

APN

87-09-25-300-023.000-003

APU

870925300023000003

Description

This exceptional retail investment opportunity, Boonville Shopping Center, is strategically located at the southeast corner of SR 61 and SR 62 (Main Street) in Boonville, Indiana, a primary east/west thoroughfare. The center boasts a total of 90,000 square feet across two buildings, situated on a generous 9.82-acre lot. With ample parking (220 spaces), the property offers excellent accessibility for customers. Currently, the center features a strong tenant mix, anchored by Tractor Supply Co., AutoZone, and 4J's Hardware. Multiple suites are available for lease, ranging from a minimum of 3,229 square feet to a maximum contiguous space of 17,016 square feet, providing flexibility for various retail businesses. The property is zoned C-4 and features a total of nine suites. The property's prime location and established tenant base make it an attractive investment opportunity. The APN numbers are 87-09-27-400-028.000-003

• CAP approach

  CAP return

  Valuation

  6%

  $303,973

  6.5%

  $280,590

  7%

  $260,548

• Comparable approach

  Method

  Valuation

  Relative Method

  $259,655

  Geo Method

  $259,655

• Alternative Use

  Use

  Valuation

  Residential

  $236,688

  Hospitality

  $216,805

  Educational

  $180,379

  Medical

  $186,583

  Retail

  $280,590

Location Insight

City

Boonville

County

Warrick

State

Indiana

Latitude

38.0479

Longitude

-87.265

CBSA code

21780

CBSA name

EVANSVILLE, IN-KY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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