Shopping Strip
Park Place Plaza
3200 N St Joseph Ave, Evansville, IN 47720
Listing Price: $1,800,000
Cap Rate
7.02%
Gross SF
15,700
Rentable SF
15,700
Price/Gross SF
$114.65
Lot Size
11.06 acres
Year Built
2003
Investment Overview
15,700 square foot strip center located in Evansville, Indiana.
Park Place Plaza
Investment Highlights
- Seller has spent $217,000 in capital improvement since 2017, including extensive exterior remodel, new exterior lighting, and four new HVACs installed in one of the units
- Established, long-term tenant base that includes Subway, Indiana Bureau of Motor Vehicles, and Acceptance Insurance
- Vacancy upside, property is currently 80% occupied
- Property includes a rare Subway drive-thru
- Well-positioned Saint Joseph Avenue location, close to Route 66 and Mesker Park Zoo
- Located in the Evansville, Indiana Metro Area – Population exceeds 358,000
- 4 miles to Downtown Evansville, 7.5 miles to Evansville Regional Airport, and 41 miles to Owensboro
- Densely populated surrounding area | 101,000 residents within a five-mile radius
Exclusively Listed By
Broker of Record
Listing Price: $1,800,000
Cap Rate
7.02%
Gross SF
15,700
Rentable SF
15,700
Price/Gross SF
$114.65
Lot Size
11.06 acres
Year Built
2003
Investment Highlights
- Seller has spent $217,000 in capital improvement since 2017, including extensive exterior remodel, new exterior lighting, and four new HVACs installed in one of the units
- Established, long-term tenant base that includes Subway, Indiana Bureau of Motor Vehicles, and Acceptance Insurance
- Vacancy upside, property is currently 80% occupied
- Property includes a rare Subway drive-thru
- Well-positioned Saint Joseph Avenue location, close to Route 66 and Mesker Park Zoo
- Located in the Evansville, Indiana Metro Area – Population exceeds 358,000
- 4 miles to Downtown Evansville, 7.5 miles to Evansville Regional Airport, and 41 miles to Owensboro
- Densely populated surrounding area | 101,000 residents within a five-mile radius
Investment Overview
15,700 square foot strip center located in Evansville, Indiana.
Exclusively Listed By
Broker of Record
-
Josh Caruana
First Vice President/District Manager
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