4905 University DrEvansville, IN 47712

Property Details for 4905 University Dr

Year built

1990

Construction

TYPE NOT SPECIFIED

Lot size

1.04 AC

Property size (Sq ft)

3,918 SF

Property type

Banks

APN

82-05-27-018-210.001-025

APU

820527018210001025

Description

This exceptional Class A office building, situated on a 1.04-acre lot in Evansville, Indiana, presents a unique investment opportunity. Boasting 3,918 square feet of space, this single-story, 1990-built structure underwent a comprehensive renovation in 2018. The property features ample parking with 33 spaces and is conveniently located on University Drive, near major retailers such as AutoZone, CVS, Lowe's, Lucas Oil Center, and Walmart, as well as numerous restaurants. The building is zoned C-4 and includes one unit. HVAC systems consist of two original Trane units and a Carrier unit installed in 2020. The asking price is $750,000, translating to $191.42 per square foot. The property's address is 4905 University Dr, Evansville, IN 47712, and its parcel ID is 82-05-27-018-210.001-025. This vacant building offers significant potential for a variety of commercial uses. Its prime location and recent renovations make it an attractive prospect for investors seeking a strong return.

• CAP approach

  CAP return

  Valuation

  6%

  $994,959

  6.5%

  $918,423

  7%

  $852,822

• Comparable approach

  Method

  Valuation

  Relative Method

  $849,899

  Geo Method

  $849,899

• Alternative Use

  Use

  Valuation

  Residential

  $774,724

  Hospitality

  $709,643

  Educational

  $590,415

  Medical

  $610,720

  Retail

  $918,423

Location Insight

City

Evansville

County

Vanderburgh

State

Indiana

Latitude

37.9781

Longitude

-87.635

CBSA code

21780

CBSA name

EVANSVILLE, IN-KY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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