4500 Lloyd ExpyEvansville, IN 47712

Property Details for 4500 Lloyd Expy

Year built

1989

Construction

TYPE NOT SPECIFIED

Lot size

6.42 AC

Property size (Sq ft)

62,231 SF

Property type

Grocery and convenience stores

APN

82-05-27-018-230.001-025

APU

820527018230001025

Description

Evansville West Center, a thriving grocery-anchored retail center, presents a prime opportunity for expansion. Located on the high-traffic West Lloyd Expressway and Rosenberger Avenue in Evansville, Indiana, this center boasts 79,809 square feet and comprises ten suites. The property benefits from a strong tenant mix, including a Schnucks, a premier Midwest grocery retailer, ensuring consistent customer traffic. This strategic location provides excellent visibility and accessibility for businesses seeking exposure to a diverse consumer base. The center serves a stable and economically diverse market encompassing Southwest Indiana, Kentucky, and Illinois, drawing shoppers from a wide regional area. Currently, one suite is available, totaling 1,400 square feet (suite #4428), ideal for a variety of retail or service businesses. The center's established success and prime location make it an exceptional investment opportunity. The existing tenant mix includes a blend of retail, service, and restaurant establishments, creating a vibrant and attractive shopping destination. This is a chance to join a successful center in a strong regional market.

• CAP approach

  CAP return

  Valuation

  6%

  $11,964,700

  6.5%

  $11,044,400

  7%

  $10,255,500

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,571,120

  Geo Method

  $5,571,120

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $21,164,200

  Mixed-Use / Specialty

  $11,155,900

  Hospitality / Lodging

  $8,381,110

  Office

  $11,246,700

  Institutional / Educational

  $11,651,500

  Residential Income

  $13,632,300

  Multifamily

  $15,513,400

  Automotive / Energy

  $9,987,010

  Parking / Income-Based Land

  $3,297,340

  Restaurant / Food Service

  $6,124,220

  Healthcare / Senior Housing

  $11,285,400

Location Insight

City

Evansville

County

Vanderburgh

State

Indiana

Latitude

37.9763

Longitude

-87.6305

CBSA code

21780

CBSA name

EVANSVILLE, IN-KY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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