8401 Kentucky AveEvansville, IN 47725

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

Strip malls

Property subtype

Neighborhood centers

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.

• CAP approach

  CAP return

  Valuation

  6%

  $5,961,120

  6.5%

  $5,502,570

  7%

  $5,109,530

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,775,670

  Geo Method

  $2,775,670

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $10,544,500

  Mixed-Use / Specialty

  $5,558,120

  Hospitality / Lodging

  $4,175,670

  Office

  $5,603,390

  Institutional / Educational

  $5,805,070

  Residential Income

  $6,791,930

  Multifamily

  $7,729,180

  Automotive / Energy

  $4,975,770

  Parking / Income-Based Land

  $1,642,820

  Restaurant / Food Service

  $3,051,230

  Healthcare / Senior Housing

  $5,622,670

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

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