Single-Tenant Vacant-User

Redevelopment Retail Opportunity

4601 Lincoln Ave, Evansville, IN 47714

Listing Price: $589,000

Gross SF
4,500
Rentable SF
4,500
Price/Gross SF
$130.89

Investment Overview

Marcus & Millichap has been exclusively selected to offer for sale the fee simple interest in this single tenant property in Evansville, Indiana. This stable retail property is located on the hard corner of South Hebron Ave and Lincoln Ave. The property has been in operation as a clothing store since 1995 and was previously a regional bank with a drive thru. When the current tenant took occupancy in 1995 a NNN lease was in place with $24,000 in annual rent. Tenant will vacate within 30 days of COE.

The property consists of a 0.73-acre parcel improved with a 4,500 square foot building. An additional 2,000 square feet is located in the lower level of the building which currently operates with office space, bathrooms, and kitchenette. The property has two points of ingress and egress. The area is a consistent retail corridor with additional tenants such as Wendys, Hooters, CVS, McDonalds and Barnes & Noble to name a few. Average daily traffic counts exceed over 12,400 vehicles on Lincoln Ave and over 33,000 on Green River Road. There are over 117,000 residents within a Five-Mile radius of the property.

Investment Highlights

  • Hard Corner
  • Dense Retail Corridor
  • 0.73 Acres
  • 12,468 Vehicles Per Day
  • Additional Lower Level With 2,000 Square Feet

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/Regional Manager

    License(s): IN: RB14034355

    Indiana

Single-Tenant Vacant-User

Redevelopment Retail Opportunity

Listing Price: $589,000

Gross SF
4,500
Rentable SF
4,500
Price/Gross SF
$130.89

Investment Highlights

  • Hard Corner
  • Dense Retail Corridor
  • 0.73 Acres
  • 12,468 Vehicles Per Day
  • Additional Lower Level With 2,000 Square Feet

Investment Overview

Marcus & Millichap has been exclusively selected to offer for sale the fee simple interest in this single tenant property in Evansville, Indiana. This stable retail property is located on the hard corner of South Hebron Ave and Lincoln Ave. The property has been in operation as a clothing store since 1995 and was previously a regional bank with a drive thru. When the current tenant took occupancy in 1995 a NNN lease was in place with $24,000 in annual rent. Tenant will vacate within 30 days of COE.

The property consists of a 0.73-acre parcel improved with a 4,500 square foot building. An additional 2,000 square feet is located in the lower level of the building which currently operates with office space, bathrooms, and kitchenette. The property has two points of ingress and egress. The area is a consistent retail corridor with additional tenants such as Wendys, Hooters, CVS, McDonalds and Barnes & Noble to name a few. Average daily traffic counts exceed over 12,400 vehicles on Lincoln Ave and over 33,000 on Green River Road. There are over 117,000 residents within a Five-Mile radius of the property.

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/Regional Manager

    License(s): IN: RB14034355

    Indiana

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