1500 Broadway StPrinceton, IN 47670

Property Details for 1500 Broadway St

Year built

1971

Construction

TYPE NOT SPECIFIED

Lot size

13.89 AC

Property size (Sq ft)

99,372 SF

Property type

Outlet malls

APN

26-11-12-302-002.215-028

APU

261112302002215028

Description

This exceptional 99,454 square foot retail strip center, located at 1500 W Broadway St, Princeton, IN 47670, presents a unique investment opportunity. Built in 1970 and extensively renovated in 2017, the single-story building boasts a prime location on West Broadway Street, with convenient access via Second Ave. The property is zoned GB and features a total of one building. Multiple spaces are available, ranging from a minimum of 7,620 square feet to a maximum contiguous space of 25,367 square feet, offering flexibility for various retail concepts. The center benefits from strong existing tenancy, including a Ruler Foods anchor tenant, along with Cricket Wireless, American Rental, Auto Zone, Luxury Nails, Yamato Japanese Steakhouse, Scooter's Coffee, and New Image Family Fitness. This established neighborhood center provides everyday conveniences to its customers, situated amongst residential areas and complementary businesses. The property's APN is 26-11-12-302-002.215-028. This is an ideal opportunity to establish or expand your retail presence in a thriving Indiana community. The property offers high visibility and accessibility, making it an attractive location for a variety of businesses. The recent renovations ensure the property is in excellent condition and ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $25,235,076

  6.5%

  $23,293,916

  7%

  $21,630,066

• Comparable approach

  Method

  Valuation

  Relative Method

  $21,555,934

  Geo Method

  $21,555,934

• Alternative Use

  Use

  Valuation

  Residential

  $19,649,290

  Hospitality

  $17,998,644

  Educational

  $14,974,661

  Medical

  $15,489,662

  Retail

  $23,293,916

Location Insight

City

Princeton

County

Gibson

State

Indiana

Latitude

38.354

Longitude

-87.5859

CBSA code

21780

CBSA name

EVANSVILLE, IN-KY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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