517 Fulton AveEvansville, IN 47710

Property Details for 517 Fulton Ave

Year built

1919

Construction

TYPE NOT SPECIFIED

Lot size

0.20 AC

Property size (Sq ft)

4,892 SF

Property type

Office properties

APN

82-06-19-029-087.021-029

APU

820619029087021029

Description

This exceptional 6,989 square foot flex space at 517 N. Fulton Ave. offers a unique opportunity for businesses seeking versatile commercial space. The property, built in 1919 and extensively renovated in 2023, boasts a Class B rating and features a single-story building with a 9-foot ceiling height. Three spaces are currently available, ranging from a minimum of 200 square feet to a maximum contiguous space of 3,000 square feet, making it ideal for a variety of uses. The building offers ample parking with 16 spaces and convenient drive-in access. The location is highly desirable, situated just three blocks from the Lloyd Expressway and Route 62, and only five minutes from Diamond Avenue. Interior features include new carpeting, fresh paint, updated lighting, a private break room, and newly renovated bathrooms. The property is zoned C1 and offers a significant frontage of 49 feet along N. Fulton Ave. and is cross-street accessible via W. Iowa St. There are no common area maintenance (CAM) charges; rent is all-inclusive. This is a rare opportunity to secure prime flex space in a highly convenient location with modern amenities. The property is perfect for retail, office, or light industrial uses.

• CAP approach

  CAP return

  Valuation

  6%

  $845,103

  6.5%

  $780,095

  7%

  $724,374

• Comparable approach

  Method

  Valuation

  Relative Method

  $421,103

  Geo Method

  $421,103

• Alternative Use

  Use

  Valuation

  Residential

  $967,318

  Hospitality

  $886,058

  Educational

  $737,190

  Medical

  $762,543

  Retail

  $1,146,740

Location Insight

City

Evansville

County

Vanderburgh

State

Indiana

Latitude

37.9828

Longitude

-87.5808

CBSA code

21780

CBSA name

EVANSVILLE, IN-KY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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