4705 Bellemeade Ave

Office for Sale
Sale Pending
Catylist Listing ID: 30339817
Property Subtypes: Medical, Mixed Use, Office Building
Status: Pending
Building Size (RSF): 6,713 SF
Gross Building Area: See Agent
Gross Land Area: 0.45 Acres
Sale Price: $500,000
Unit Price: $74.48 PSF
Ceiling: 11 ft.
Property Use Type: Net Leased Investment (NNN), Investment
Class of Space: Class A
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/26/2019

Overview / Comments

Located in the heart of the East Side just West of Bellemeade and Green River Road, this well built 6713 square foot commercial building is currently being used as a 4739 square foot veterinary office with a 1974 square foot, 2 bedroom, 2 bath apartment, but could be used for any type of medical office, business office, or retail space. It has a large parking lot to the East of the building and offers great visibility. Approximately two years are left on the veterinary space lease with 2 renewal terms. Even with the apartment leased under market value, the CAP rate on the property is at 8%. It would be a great investment for someone looking for commercial rental property of someone who had a particular use for the building.

Additional Details

Nearest MSA: Evansville
County: Vanderburgh
Tax ID/APN: 82-06-26-017-121.042-027
Zoning: C-4
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1970
Roof Type: Flat
Construction/Siding: Brick
Parking Type: Surface

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,630 70,594 126,223
Median Age: 39.55 37.94 38.2
Households: 4,607 31,200 53,857
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