5844 Vann RdNewburgh, IN 47630

  • Warehouses
  • 15,700 SF
For Sale
$990,000 View listing

Property Details for 5844 Vann Rd

Year built
1994
Construction
WOOD
Lot size
3.35 AC
Property size (Sq ft)
15,700 SF
Property type
Warehouses
APN
87-13-19-108-001.000-019
APU
871319108001000019

Description

This exceptional 3.35-acre commercial property at 5844 Vann Road, Newburgh, Indiana, presents a compelling investment opportunity. Priced at $990,000, the building boasts 12 offices, two conference rooms, and five bathrooms, providing ample space for a variety of business needs. Two newer HVAC systems, installed in 2023, ensure year-round climate control. A unique feature is the drive-through bay, equipped with an overhead crane and a tube heater, ideal for specialized operations. The property also includes substantial storage space throughout the building. Power options are extensive, featuring 3-phase power, along with 240V and 480V hookups, catering to diverse operational requirements. Currently, two bays are vacant, presenting immediate opportunities for lease income or expansion. This versatile property is ready for a new owner to capitalize on its significant potential. The location in Newburgh, Indiana offers excellent access to transportation routes and a thriving local economy. This is a rare chance to acquire a well-maintained, fully functional commercial building with significant upside. Don't miss this chance to own a piece of Newburgh's commercial landscape.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $3,104,434
    Hospitality
    $2,843,645
    Educational
    $2,365,880
    Medical
    $2,447,246
    Retail
    $3,680,257

Location Insight

City
Newburgh
County
Warrick
State
Indiana
Latitude
37.9846
Longitude
-87.3558
CBSA code
21780
CBSA name
EVANSVILLE, IN-KY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$4,008
$145,900
$123,500
$269,400
-
$145,900
$123,500
$269,400

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