4411 Washington AveEvansville, IN 47715

Property Details for 4411 Washington Ave

Year built

1974

Construction

TYPE NOT SPECIFIED

Lot size

3.78 AC

Property size (Sq ft)

52,995 SF

Property type

Medical offices

Property subtype

Medical centers

APN

82-06-35-016-071.012-027

APU

820635016071012027

Description

This exceptional three-story medical office building, totaling 52,995 square feet, presents a unique leasing opportunity in Vanderburgh County. Situated on a 3.78-acre lot at 4411 Washington Ave, this Class B building boasts a desirable location within the prominent East Side Medical Corridor. Built in 1974, the property features two suites, with 14,600 square feet currently vacant. Flexible space options are available, ranging from a minimum of 5,000 contiguous square feet to a maximum of 10,000 contiguous square feet. The building is conveniently equipped with elevators and ample on-site parking. Zoned C-2, this property offers significant potential for medical practices seeking a well-established and accessible location. Specifically, there are two available spaces: a 10,000 square foot suite on the second floor and a 4,600 square foot suite on the lower level. The property's convenient location and ample space make it an ideal choice for a variety of medical practices. The property's APN is 82-06-35-016-071.012-027.

• CAP approach

  CAP return

  Valuation

  6%

  $9,154,996

  6.5%

  $8,450,765

  7%

  $7,847,140

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,561,810

  Geo Method

  $4,561,810

• Alternative Use

  Use

  Valuation

  Residential

  $10,478,949

  Hospitality

  $9,598,661

  Educational

  $7,985,974

  Medical

  $8,260,624

  Retail

  $12,422,625

Location Insight

City

Evansville

County

Vanderburgh

State

Indiana

Latitude

37.9617

Longitude

-87.4962

CBSA code

21780

CBSA name

EVANSVILLE, IN-KY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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