Shopping Center for Sale
$675,000
4904-4918 Bellemeade Ave., Evansville, IN 47715
For Sale
Retail
Strip Center
Active
Last Updated: 07/12/2021
4.98
Cap Rate
33,635
NOI
Details:
Cap Rate: 4.98%
NOI: $33,635
Building Size: 6,400 sqft
Lot Area: 0.56 acres
Occupancy: 50%
Units: 6
Year Built: 1978
Floors: 1
Highlights:
- Retail Strip Center
- Close to highly traveled Green River Road on Evansville's Eastside
- One of the main retail thoroughfares serving the City of Evansville
- Prominent visibility
- Flourishing local trade area
- Great Investment Opportunity
Description:
This Retail Strip Center located just off the highly traveled South Green River Road in Evansville, IN is a great investment opportunity. The center includes 6 suites and currently has two vacancies providing the opportunity for new long-term tenants.
Major Repairs Completed in the past 5 years include:
2021-New HVAC and Water Heater in Suite 4
2020-Most HVAC's, toilets and mechanics replaced, & asphalt sealing completed
2018-New roof, complete exterior painting and caulking, new gutters/soffits, new lighting
2017-New exterior steel doors.
Strip Center located on Bellemeade Ave just off of Green River Rd
Location
Gallery
