Former Conner Lock Building

Retail-Commercial for Sale
Sale Pending
Catylist Listing ID: 30753537
Property Subtypes: Free-Standing Building
Status: Pending
Building Size (RSF): 4,000 SF
Gross Building Area: See Agent
Gross Land Area: 16,200 SF
Sale Price: $139,000
Unit Price: $34.75 PSF
Ceiling: 10 ft.
Property Use Type: Vacant/Owner-User
Usable Size (USF): 4,000 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/16/2021

Overview / Comments

This property is the former location for Conner Lock Co. The interior is in good condition and has steel clear span construction that allows for movement of all interior walls. Space includes 10' ceiling height through out. It is partitioned as 3 separate 150sf offices, approx 1000sf of lobby/showroom space, 1100sf workshop space with a 9'x10' overhead door. The balance of the space is currently setup for storage. The outside of the building is painted cement block construction with a slightly pitched roof, front to back. Behind the building sits an 8'x40' container that can be used for storage and lawn equipment. There is a stand alone Pylon sign in the front of the property along the very busy Virginia St. This property is located just a few minutes from Hwy 41 and the Lloyd Expressway.

Property is also for lease, asking $1200 per month, NNN terms. RE Taxes and Insurance costs are approx $450 per month.

Financials

Finance Data Year 2021
Real Estate Taxes - Annual($) $2,994 (Annual)

Additional Details

Nearest MSA: Evansville
County: Vanderburgh
Tax ID/APN: 82-06-20-025-109.015-029
Zoning: C-4
Retail Clientele: General, Business
Property Located Between: N Garvin St and Hwy 41.
Property Visibility: Excellent
Largest Nearby Street: Lloyd Expressway
Feet of Frontage: 100
Highway Access: Hwy 41N to west on Virginia St
Airports: Evansville Airport
Site Description: Busy east/west travel corridor.
Area Description: Mixed residential and commercial.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 4,000 SF
Property Condition: Good
Year Built: 1978
Year Renovated: 2006
Roof Type: Other
Construction/Siding: Block
Exterior Description: Painted Block
Total Parking Spaces: 10
Parking Type: Surface
Parking Description: concrete parking lot in the front of the building, with additional on street parking on side street.
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Air Curtain
Interior Description: Lobby and showroom are CVT tile. Offices are carpeted. The workshop is bare concrete.
Zoning Description: C-4
Lot Frontage: 100
Lot Depth: 115
Water Service: Municipal
Sewer Type: Municipal
Legal Description: Buente Pl Pt lots 5 & 6 Bl 3

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,192 85,705 139,623
Median Age: 36.32 37.49 38.17
Households: 4,460 35,627 59,858
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