4521 Lincoln AveEvansville, IN 47714

Property Details for 4521 Lincoln Ave

Year built

1994

Construction

TYPE NOT SPECIFIED

Lot size

0.53 AC

Property size (Sq ft)

6,900 SF

Property type

Retail properties

Property subtype

Retail space

APN

82-06-26-017-121.025-027

APU

820626017121025027

Description

This exceptional 6,900 square foot commercial property, located at 4521 Lincoln Ave in Evansville, Indiana (zip code 47714), presents a unique investment opportunity. The single-story, 1994-built building sits on a 0.53-acre lot and offers flexible space ideal for executive offices. Currently, 3,972 square feet are vacant, divisible into units as small as 1,972 square feet, with a maximum contiguous space of 3,972 square feet. The property boasts 25 total parking spaces and is zoned C-1, providing versatility for various business types. The asking price is $9.50 per square foot per year, with a triple net (NNN) lease estimated at $3 per square foot per year. The building's prime location offers excellent visibility and accessibility, with 112 feet of frontage on Lincoln Avenue. Nearby businesses include Lic's Deli & Ice Cream, McDonald's, Hooters, Droste's Jewelry Shoppe, CVS, Fifth Third Bank, Schnucks, Big Lots, and Ruler Foods, ensuring high foot traffic and convenient access for employees and clients. This property is an excellent choice for businesses seeking a well-located, adaptable space in a thriving commercial area. The property's APN is 82-06-26-017-121.025-027.

• CAP approach

  CAP return

  Valuation

  6%

  $1,752,224

  6.5%

  $1,617,438

  7%

  $1,501,906

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,496,759

  Geo Method

  $1,496,759

• Alternative Use

  Use

  Valuation

  Residential

  $1,364,369

  Hospitality

  $1,249,755

  Educational

  $1,039,781

  Medical

  $1,075,541

  Retail

  $1,617,438

Location Insight

City

Evansville

County

Vanderburgh

State

Indiana

Latitude

37.9692

Longitude

-87.4956

CBSA code

21780

CBSA name

EVANSVILLE, IN-KY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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