Erwin Drive

Retail-Commercial for Sale
Also listed as Vacant Land
Catylist Listing ID: 30794096
Property Subtypes: Convenience Store, Free-Standing Building, Restaurant, Service Station/Gas Station, Street Retail
Building Size (RSF): 7,430 SF
Gross Building Area: See Agent
Gross Land Area: 8.02 Acres
Sale Price: $799,000
Unit Price: $107.54 PSF
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/23/2022

Overview / Comments

8.2 Highly visible acres at the Northeast corner of I-64 and Highway 61 exit with an ADTC of 16,505. This property would make a great location for a hotel or a host of other developments and is zone PUD with all utilities available. There are currently two buildings on the property that could remain if warranted that would not interfere with a development.

Financials

Finance Data Year 2022
Real Estate Taxes - Annual($) $2,523 (Annual)

Additional Details

Nearest MSA: Evansville
County: Warrick
Taxing Authority: Warrick County
Tax ID/APN: 87-05-03-310-001.000-010, 87-05-03-302-002.000-009, 87-05-03-302-003.000-009, 87-05-03-302-004.000-009, 87-05-03-302-005.000-009, 87-05-03-310-006.000-010, 87-05-03-310-007.000-010, 87-05-03-302-006.000-009
Zoning: PUD
Retail Clientele: General, Family, Business, Traveler, Tourist
Property Visibility: Excellent
Largest Nearby Street: Interstate 64
Feet of Frontage: 420
Traffic/Vehicle Count: 16,505
Highway Access: I-69
Airports: Evansville Regional Airport
Tenancy: Multiple Tenants
Total Number of Buildings: 2
Number of Stories: 1
Property Condition: Excellent
Roof Type: Gable
Construction/Siding: Metal Siding
Total Parking Spaces: 100
Parking Type: Surface
Parking Description: Large Gravel Lot
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: Satellite
Part of Planned Development?: Yes
Lot Frontage: 420
Lot Depth: 790
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Fee Simple
Legal Description: UNIT 1 ERWINS PUD .48 A, UNIT 2 ERWINS PUD .28 A, UNIT 3 ERWIND PUD .82 A, UNIT 4 ERWINS PUD 5.02 A, UNIT 5 ERWINS PUD .43 A, UNIT 6 ERWINS PUD .49 A, PRIVATE ROAD IN ERWINS PUD .19 A, PRIVATE ROAD IN ERWINS PUD .31 A,

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 1,626 2,246
Median Age: 40.77 41.55
Households: 636 888

Contact

Photograph of Listing Agent

Mark Miller

ERA First Advantage Realty, Inc.
CPIX Member
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