8401 Kentucky AveEvansville, IN 47725
- Retail properties
- 31,005 SF
Property Details for 8401 Kentucky Ave
- Year built
- 1997
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 3.31 AC
- Property size (Sq ft)
- 31,005 SF
- Property type
- Retail properties
- Property subtype
- Strip malls
- APN
- 82-04-28-002-660.011-019
- APU
- 820428002660011019
Description
This exceptional single-story retail strip center, located at 8401 N Kentucky Avenue in Evansville, Indiana, presents a compelling investment opportunity. The property boasts a total of 31,005 square feet across two suites, situated on a generous 3.3-acre lot. Currently, there is 21,061 square feet of vacant space available, offering significant potential for expansion or lease to multiple tenants. The minimum divisible space is 2,400 square feet, while the maximum contiguous space available is 8,003 square feet, providing flexibility for various business needs. Built in 1997, the property is zoned M-2, allowing for a range of commercial uses. The convenient location at the cross streets of N Kentucky Avenue and E Mount Pleasant Road ensures high visibility and accessibility. The property's address is 8401 N Kentucky Ave, Evansville, IN 47725, and its parcel number is 82-04-28-002-660.011-019. This prime retail space offers a unique chance to establish or expand a business in a thriving Evansville market. The property's size and location make it ideal for a variety of retail concepts, offering substantial potential for return on investment. Don't miss this opportunity to secure a prominent retail presence in a high-demand area.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $7,873,582
- 6.5%
- $7,267,922
- 7%
- $6,748,784
-
Comparable approach
- Method
- Valuation
- Relative Method
- $6,725,654
- Geo Method
- $6,725,654
-
Alternative Use
- Use
- Valuation
- Residential
- $6,130,764
- Hospitality
- $5,615,746
- Educational
- $4,672,235
- Medical
- $4,832,920
- Retail
- $7,267,922
Location Insight
- City
- Evansville
- County
- Vanderburgh
- State
- Indiana
- Latitude
- 38.0552
- Longitude
- -87.5436
- CBSA code
- 21780
- CBSA name
- EVANSVILLE, IN-KY METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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