2314 Franklin StEvansville, IN 47712

Property Details for 2314 Franklin St

Year built

1936

Construction

WOOD

Lot size

0.07 AC

Property size (Sq ft)

3,520 SF

Property type

Commercial real estate

APN

82-05-24-030-038.006-029

APU

820524030038006029

Description

This exceptional retail space, located at 2314 W Franklin St in Evansville, Indiana, presents a fantastic opportunity for a discerning business. The property, situated on a 0.07-acre lot, offers 1,500 square feet of vacant space within a larger 3,520 square foot building constructed in 1936. The building is a two-story structure, with the available space located on the lower level. The property is zoned C-4, allowing for a variety of retail uses. Convenient on-street parking is available, supplemented by a small parking area at the rear of the building. This vibrant location boasts high visibility on bustling W Franklin St, surrounded by a thriving mix of businesses including Pet Food Center, Hardee's, Kite & Key Cafe, Sportsman's Grille & Billiards, and Donut Bank, ensuring significant foot traffic and brand exposure. The monthly lease rate is $2,500, modified gross. The property's address is 2314 W Franklin St, Evansville, IN 47712, and its parcel number is 82-05-24-030-038.006-029 in Vanderburgh County. This is a single-tenant space offering a unique chance to establish or expand your business in a high-traffic area.

• CAP approach

  CAP return

  Valuation

  6%

  $689,166

  6.5%

  $636,153

  7%

  $590,713

• Comparable approach

  Method

  Valuation

  Relative Method

  $303,002

  Geo Method

  $303,002

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,197,120

  Retail / Commercial

  $624,707

  Mixed-Use / Specialty

  $631,014

  Hospitality / Lodging

  $474,065

  Office

  $636,153

  Institutional / Educational

  $659,050

  Residential Income

  $771,088

  Multifamily

  $877,494

  Automotive / Energy

  $564,900

  Parking / Income-Based Land

  $186,509

  Restaurant / Food Service

  $346,407

  Healthcare / Senior Housing

  $638,342

Location Insight

City

Evansville

County

Vanderburgh

State

Indiana

Latitude

37.9802

Longitude

-87.5996

CBSA code

21780

CBSA name

EVANSVILLE, IN-KY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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