4929 Riverwind Pointe DrEvansville, IN 47715

Property Details for 4929 Riverwind Pointe Dr

Year built

2000

Construction

WOOD

Lot size

1.50 AC

Property size (Sq ft)

21,152 SF

Property type

Office properties

APN

82-09-01-005-181.003-026

APU

820901005181003026

Description

This exceptional three-story, Class B office building, totaling 21,152 square feet, presents a unique investment opportunity in Evansville, Indiana. Located at 4929 River Wind Pointe Dr, 47715, this property boasts a prime location at the first exit east of the new I-69 bridge (construction anticipated 2024-2026), offering unparalleled visibility and accessibility from I-69 and Green River Road. Built in 2001, the building is zoned C-4 and sits on a 1.497-acre lot, providing ample space and parking for up to 60 vehicles. The impressive lobby features elevator access, and the interior is ideally suited for various uses, including corporate headquarters, classrooms, or medical offices. The asking price is $2,600,000, translating to $122.92 per square foot. This owner/user opportunity is further enhanced by the possibility of purchasing the entire Riverwind Pointe Subdivision, including all lots, for a combined price of $3.6 million. The building's multi-tenant configuration and strategic location make it an attractive investment for both businesses and investors seeking a high-profile presence in a rapidly developing area of Evansville. The building's brick exterior adds to its professional and appealing aesthetic.

• CAP approach

  CAP return

  Valuation

  6%

  $3,654,052

  6.5%

  $3,372,971

  7%

  $3,132,044

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,820,764

  Geo Method

  $1,820,764

• Alternative Use

  Use

  Valuation

  Residential

  $4,182,484

  Hospitality

  $3,831,133

  Educational

  $3,187,458

  Medical

  $3,297,079

  Retail

  $4,958,267

Location Insight

City

Evansville

County

Vanderburgh

State

Indiana

Latitude

37.9409

Longitude

-87.4914

CBSA code

21780

CBSA name

EVANSVILLE, IN-KY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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