4115 E Morgan Ave
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4115 E Morgan Ave
4,775 SF Vacant Retail Building Evansville, IN 47715 $425,000 ($89/SF) 7.02% Cap Rate
Investment Highlights
- Prime Location
- Would be great for Multiple Tenants or Single Use
- Blank Slate
Executive Summary
The opportunity, with a blank slate, to bring your vision to life is here; with almost 5,000 sqft in a prime location. Approximately 20k cars per day travel by this professional/retail/trade opportunity which is right on Morgan Ave close to Green River Rd for easy access. This building could be used for multiple tenants or a single owner/user. Additionally there is an out building of about 200 sqft.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
4,775 SF
Building Class
B
Year Built/Renovated
1989/2004
Price
$425,000
Price Per SF
$89
Cap Rate
7.02%
NOI
$29,847
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.27
Land Acres
0.40 AC
Zoning
M-1
Parking
55 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
82 FT on Morgan Avenue
Amenities
- Signage
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 82-06-23-017-108.009-027 | Improvements Assessment | $75,700 |
| Land Assessment | $64,400 | Total Assessment | $140,100 |
PROPERTY TAXES
Parcel Number
82-06-23-017-108.009-027
Land Assessment
$64,400
Improvements Assessment
$75,700
Total Assessment
$140,100
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Casey McCoy -
Keller Williams Capital Realty
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4115 E Morgan Ave
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