40 N 1st Ave - Office FOR SALE


Evansville, IN 47710- Jacobsville
$4,600,000 USD
812-473-6677
40 N 1st Ave, Evansville, IN for Sale
$4,600,000 USD
Office - FOR SALE
1/9
null | 7.02% Cap Rate

40 N 1st Ave
Evansville, IN 47710
Jacobsville


HIGHLIGHTS

  • Integrated Security System
  • High End Upgrades
  • Dedicated Fiber Optic Line

OVERVIEW

40 N First Avenue, commonly known as The Market, was built in 1918 with a recent complete restoration and listed on the National Historic Register with 25,013 SF of true Class A office space. Net Leased to the State of Indiana expiring 9/30/2032 with one 4-year option to renew. The real estate was leased including furniture, fixtures, and cubicles. Sitting at a Stop Light Location and entrance to Downtown Evansville, a beautiful center atrium with great signage, this is truly a must own location. Showings upon acceptance of LOI / Purchase Agreement. Documents provided by a signed Confidentiality Statement: Survey, Lease, Environmental. Please contact me direct via email, kennewcomb@fctuckercommercial.com, not through marketing websites.

FOR SALE DETAILS

PRICE

$4,600,000 USD

PRICE/SF

$184 USD /SF

CAP RATE

7.02%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Market

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

A

YEAR BUILT

1918

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.73 AC

LAND SF

75,359 SF

ZONING

C-4

APN/PARCEL ID

82-06-19-029-058.016-029

ASK ABOUT THIS PROPERTY

Kenneth NewcombF.C. Tucker CommercialMore Info
812-473-6677

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Kenneth NewcombF.C. Tucker CommercialMore Info
812-473-6677

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.