962 Neubling Ave - Warehouse FOR SALE


Evansville, IN 47713
$985,000 USD
812-459-1463
962 Neubling Ave, Evansville, IN for Sale
$985,000 USD
Warehouse - FOR SALE
1/13
null | 5.93% Cap Rate

962 Neubling Ave
Evansville, IN 47713


HIGHLIGHTS

  • 3 Units Fully Leased
  • Excellent location off I-69, S. Kentucky Ave and Hwy 41.

OVERVIEW

INCOME PRODUCING 20,855 SF of Warehouse/Distribution space located off I-69, S. Kentucky Ave. and Hwy. 41 across from Wolfe's Auto Auction. Property consists of 3 spaces (leased) - Unit A (6,000 SF) $2250/mth - Built 1978/Steel *1 office, 1/2 bath, 1 bay, 400 amp/3 phase, 16' clear, gas & electric, LED high bay lighting, new TPO roof overlay within last 5 yrs, 5" concrete floors - Unit B (7,775 SF) $1800/mth - Built 1978/Steel *1 office, 1/2 bath, 2 bays, 400 amp/3 phase, 16' clear, gas & electric, LED high bay lighting, new TPO roof overlay within last 5 yrs, 5" concrete floors - Unit C (7,080 SF) $2500/mth - Built 2019 *1 small office, 1/2 bath, 60x120, 400 amp/3 phase, 16' clear, spray foam in walls, R30 in ceiling, interior metal liner panels, gas & electric, main floor drain, LED high bay lighting, fenced yard, 2 OH (16x16), 6" concrete floors ** Insurance: $7,762 plus Taxes: $12,389 = Total Expenses: $20,151 Income: $78,600

FOR SALE DETAILS

PRICE

$985,000 USD

PRICE/SF

$47 USD /SF

CAP RATE

5.93%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

INCOME PRODUCING FULLY LEASED WAREHOUSE

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

Distribution

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1978

UTILITIES

-

CLEAR CEILING HT

16 Ft

DOCKS

-

DRIVE INS

5

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.9

LAND SF

39,204

ZONING

M-2

APN/PARCEL ID

82-09-05-033-061.005-029

ASK ABOUT THIS PROPERTY

Susan RacineWoodward Commercial RealtyMore Info
812-459-1463

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Susan RacineWoodward Commercial RealtyMore Info
812-459-1463

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.