St. Joe Square


St. Joe Square
421 N. St. Joseph Avenue Evansville, IN 47712

Retail Commercial

Contact: Richard Clements
Building/Unit Size: Retail Center 10,948 SF / Restaurant 2,014 SF
Gross Building Area: 12,962 SF
Total Land Size: 0.82 AC
Sale Price: $775,000
Price/SF: $59.79
Cap Rate: 11.5%
Download Data Sheet

Description

Retail center/restaurant property investment opportunity with upside potential available! Located on a high-traffic corner and bordered by an alleyway on the south end of rapidly-developing West Franklin corridor, this property is situated in the heart of Westside Evansville’s retail and entertainment district.

  • Built and maintained by same owner over last five decades
  • Convenient access to Lloyd Expressway and Diamond Avenue
  • Tenants include Lee’s Famous Recipe, Domino’s Pizza, Liberty Tax Service and Life Choices

 

DEMOGRAPHICS 1 MILE 3 MILES 5 MILES
Total Population 6,820 47,378 105,647
Daytime Population 8,734 62,059 112,466
Total Households 3,003 20,602 43,409

Finances

Net Operating Income: $89,000
Actual or Proforma Year: Actual

Property Details

Property Use Type: Investment,
Property Status: Existing
County: Vanderburgh
Submarket: Westside
Traffic Count: 19,625 VPD on St. Joseph Avenue
Parcel: 82-05-24-030-025.003-029
Zoning: C-4
Tenancy: Multiple Tenants
Total Number of Buildings: 2
Year Built: 1974 / 1986
Roof Type: Flat
Construction/Siding: Concrete, Steel Frame,
Total Parking Spaces: 59
Parking Description: Asphalt/concrete
Parking Type: Surface
Part of Planned Development: No
Flood Plain: No
Lot Frontage: 120'
Lot Depth: 299'

Map

421 N St Joseph Ave, Evansville, IN, USA

Contact


Richard Clements
Commercial Real Estate Broker
rclements@summitrealestate.us/