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: |
$107.54 PSF |
| Property Use Type: |
Net Leased Investment (NNN), Investment, Vacant/Owner-User, Business |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
5/31/2023 |
Overview / Comments
|
8.2 Highly visible acres at the Northeast corner of I-64 and Highway 61 exit with an ADTC of 16,505. This property would make a great location for a hotel or a host of other developments and is zone PUD with all utilities available. There are currently two buildings on the property that could remain if warranted that would not interfere with a development.
|
Financials
| Finance Data Year |
2022 |
| Real Estate Taxes - Annual($) |
$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, |
Demographic Statistics
| Proximity: |
3 miles |
5 miles |
| Total Population: |
1,626 |
2,246 |
| Median Age: |
40.77 |
41.55 |
| Households: |
636 |
888 |
|
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