445 Cross Pointe BlvdEvansville, IN 47715

Property Details for 445 Cross Pointe Blvd

Year built

1997

Construction

TYPE NOT SPECIFIED

Lot size

1.73 AC

Property size (Sq ft)

6,750 SF

Property type

Office properties

Property subtype

Other office properties

APN

82-07-19-011-219.003-027

APU

820719011219003027

Description

This single-story, 7,280 square foot Class B medical office building in Evansville, Indiana, presents a fantastic opportunity. Located at 445 N Cross Pointe Blvd, 47715, this property sits on a 0.9-acre lot and boasts a convenient location on the east side of town. Built in 1997, the building features one structure with a total of five parking spaces. Currently, 1,505 square feet of space is available for lease, ideal for a small medical practice or easily adaptable professional office. The property is zoned C-4 and has a Vanderburgh County APN of 82-07-19-011-219.003-027. The building enjoys a strong tenant base, with neighbors including Indiana Farm Bureau Insurance, Edward Jones, Deaconess Cross Pointe Outpatient Services, and Jones Chiropractic & Acupuncture. This is a multiple-tenancy building offering a prime location for a variety of businesses. The available suite is ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $1,166,076

  6.5%

  $1,076,378

  7%

  $999,494

• Comparable approach

  Method

  Valuation

  Relative Method

  $581,040

  Geo Method

  $581,040

• Alternative Use

  Use

  Valuation

  Residential

  $1,334,709

  Hospitality

  $1,222,586

  Educational

  $1,017,178

  Medical

  $1,052,160

  Retail

  $1,582,276

Location Insight

City

Evansville

County

Vanderburgh

State

Indiana

Latitude

37.9809

Longitude

-87.462

CBSA code

21780

CBSA name

EVANSVILLE, IN-KY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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