6301 Old Boonville Hwy - Warehouse FOR SALE


Evansville, IN 47715- East Evansville
$2,600,000 USD
317-903-2096
6301 Old Boonville Hwy, Evansville, IN for Sale
$2,600,000 USD
Warehouse - FOR SALE
1/6
null | 7.53% Cap Rate

6301 Old Boonville Hwy
Evansville, IN 47715
East Evansville


HIGHLIGHTS

  • New Mechanicals, Room to add on building and parking in 3.77 acres, Great Location!
  • 44 surface parking spaces, expandable under current land capacity.
  • NOI stability with in-place rents; scalable hold profile aligning with investor and owner-occupant strategies.
  • Expansion-ready parcel exceeding typical site ratios in suburban Evansville office markets.

OVERVIEW

Conveniently located at the entrance to the industrial corridor of Evansville, this building offers a new owner the ability to set up shop for multiple types of users: industrial manufacturing, distribution, flex, office conversion and more. The real estate was purchased and renovations began in 2021. By Summer of 2022, the two buildings were completely gutted down to the metal shell and concrete floors. The existing two buildings were joined together and received all new; HVAC, electrical, plumbing, wiring, sprinkler system, fire alarm, security, flooring, drywall, etc. The building is approximately 13,856 sf total and sits on 3.77 acres. The appraisal that was conducted in 2023 was before the owners acquired the additional two acres adjoining the property. This property allows for the possibility of expanding the play structures and opportunities to outdoor playgrounds as well as expanding parking. It also allows the owner to control who their potential neighbors could be in the future.

FOR SALE DETAILS

PRICE

$2,600,000 USD

PRICE/SF

$188 USD /SF

CAP RATE

7.53%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Blue Holdings

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

undefined, Distribution, Manufacturing

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1999

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

44

LAND DETAILS

LAND ACRES

3.77

LAND SF

164,221

ZONING

M-2

APN/PARCEL ID

82-06-13-013-238.001-027

ASK ABOUT THIS PROPERTY

Terina WidnerJackson IGMore Info
317-903-2096

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Terina WidnerJackson IGMore Info
317-903-2096

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