2720 Colonial Garden RdEvansville, IN 47715

  • Warehouses
  • 6,040 SF
For Sale
$515,000 View listing

Property Details for 2720 Colonial Garden Rd

Year built
1995
Construction
WOOD
Lot size
0.88 AC
Property size (Sq ft)
6,040 SF
Property type
Warehouses
APN
82-06-13-014-196.001-027
APU
820613014196001027

Description

This 6,040-square-foot warehouse, situated on a 0.88-acre lot in Evansville, Indiana, presents a compelling investment opportunity. Built in 1995 and renovated in 2010, the single-story building boasts a 15-foot ceiling height and is zoned M-1. The property includes 4760 square feet of heated warehouse space, with an additional 2200 square feet that is both heated and cooled. Convenient features include a mezzanine for extra storage, three bay doors, and ample office space. The office area comprises 4 offices, a kitchen, a conference room, and two restrooms. The property's location is on the east side of Evansville, at 2720 Colonial Gardens Rd, 47715. Annual property taxes are $3,641, and annual insurance costs are $1,800. The current lease expires June 1, 2026, with a monthly net-net-net (NNN) rent of $3,272. The APN is 82-06-13-014-196.001-027. This well-maintained property offers a blend of warehouse and office space, ideal for a variety of industrial uses.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,194,318
    Hospitality
    $1,093,988
    Educational
    $910,186
    Medical
    $941,488
    Retail
    $1,415,844

Location Insight

City
Evansville
County
Vanderburgh
State
Indiana
Latitude
38.002
Longitude
-87.4792
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
$3,641
$51,400
$63,400
$114,800
-
$51,400
$63,400
$114,800

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