Historic Building In The Promise and Opportunity Zone

Office for Sale
Sale Pending
Catylist Listing ID: 30434577
Property Subtypes: Executive Suites, Coworking, Governmental, Institutional, Mixed Use, Office Building, Other
Status: Pending
Building Size (RSF): 20,374 SF
Gross Land Area: 1.14 - 1.17 Acres
Sale Price: $299,000
Unit Price: $14.68 PSF
In Opportunity Zone? Yes
Property Use Type: Investment, Vacant/Owner-User, Business
Building Name: Carpenter Building
Class of Space: Class C
Sale Terms: Cash to Seller, Owner Financing, Other
Cap Rate: Undisclosed
Last Updated: 3/20/2023

Overview / Comments

Historic Building in the burgeoning Norco District
Building area is 20,374 SF (not including finished basement space)
Situated on a +/- 1.17 acre, M-2 zoned lot with paved parking for approx. 32 vehicles
Eleven private offices, plus 3,794 SF of convertible space (former studio area) on the first floor
Elevator and two sets of stairs access each floor
Satellite Dishes and Radio Tower have been removed from property
Located in the Promise Zone and Opportunity Zone
Property Taxes: To be updated
$ 299,000 Sale Price

Additional Details

Nearest MSA: Evansville
County: Vanderburgh
Taxing Authority: City of Evansville
Tax ID/APN: 82-06-30-029-012.001-029
Zoning: M-2
Property Located Between: Near Lloyd Expressway at entrance to downtown, Evansville, IN
Site Description: Plenty of parking and large downtown lot.
Total Number of Buildings: 1
Number of Stories: 3
Exterior Description: New roof
Parking Type: Surface
Parking Description: Paved parking
Interior Description: Historic building with warehouse space
Zoning Description: M-2 but can be used for commercial.
Water Service: Municipal
Sewer Type: Municipal
Legal Description: Parcel ID 11-590-29-012-001

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,668 71,608 129,020
Median Age: 41.45 36.51 37.71
Households: 3,537 29,719 54,952
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