109 3Rd StEvansville, IN 47708

Property Details for 109 3Rd St

Year built

1976

Construction

WOOD

Lot size

1.65 AC

Property size (Sq ft)

10,804 SF

Property type

Other commercial real estate

APN

82-06-30-020-024.005-029

APU

820630020024005029

Description

This exceptional offering presents a unique opportunity to acquire two strategically located commercial lots in the heart of Evansville, Indiana. The first lot, encompassing 1.64 acres, includes a substantial 10,804 square foot building situated at 109 NW 3rd Street. This versatile structure is ideally suited for a variety of commercial uses, offering ample space for multiple businesses or the creation of valuable indoor parking facilities. Its prime downtown location ensures high visibility and accessibility, making it an attractive investment for developers seeking a ready-to-develop asset. The asking price for this lot and building is $1,700,000. A second, adjacent lot, also located at 109 NW 3rd Street, comprises one-quarter of a downtown city block and presents significant development potential. This lot is priced at $599,000. The sale of this second lot is contingent upon the simultaneous or prior sale of a separate property located at 20 NW 4th Street. This combined offering presents a compelling investment opportunity in a thriving downtown area, with the potential for substantial returns through redevelopment or lease income. The total asking price for both lots is $2,299,000. This is a rare chance to secure a significant footprint in Evansville's dynamic commercial landscape.

• Alternative Use

  Use

  Valuation

  Residential

  $2,136,326

  Hospitality

  $1,956,863

  Educational

  $1,628,087

  Medical

  $1,684,079

  Retail

  $2,532,579

Location Insight

City

Evansville

County

Vanderburgh

State

Indiana

Latitude

37.9725

Longitude

-87.5727

CBSA code

21780

CBSA name

EVANSVILLE, IN-KY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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