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2810 Covert Ave 9,200 SF 100% Leased Flex Building Evansville, IN 47714 $875,000 ($95.11/SF) 10% Cap Rate
Executive Summary
Excellent investment or owner-user opportunity in recently constructed property with retail and warehouse space. Includes an additional .23 acre lot currently used as employee parking. The approximately 6,200 square foot warehouse/office space has two of the building's three entrances. It features 15' clearance height and 20-foot beam spacing. The 3,000 square foot retail suite has wood laminate flooring and is currently leased to a beauty supply store.
Property Facts
| Price | $875,000 | Building Class | B |
| Price Per SF | $95.11 | Lot Size | 0.77 AC |
| Sale Type | Investment or Owner User | Rentable Building Area | 9,200 SF |
| Cap Rate | 10% | No. Stories | 1 |
| Sale Condition | Sale Leaseback | Year Built | 2019 |
| Property Type | Flex | Clear Ceiling Height | 15’ |
| Property Subtype | Showroom | No. Drive In / Grade-Level Doors | 1 |
| Zoning | C-2 Community Commercial - Commercial zoning in a residential/retail area. | ||
| Price | $875,000 |
| Price Per SF | $95.11 |
| Sale Type | Investment or Owner User |
| Cap Rate | 10% |
| Sale Condition | Sale Leaseback |
| Property Type | Flex |
| Property Subtype | Showroom |
| Building Class | B |
| Lot Size | 0.77 AC |
| Rentable Building Area | 9,200 SF |
| No. Stories | 1 |
| Year Built | 2019 |
| Clear Ceiling Height | 15’ |
| No. Drive In / Grade-Level Doors | 1 |
| Zoning | C-2 Community Commercial - Commercial zoning in a residential/retail area. |
Utilities
- Lighting
- Gas
- Water
- Sewer
- Heating
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
Warehouse space with offices currently occupied by electronic and appliance repair tenant. Availability is negotiable. Two private restrooms and 3 private offices, but can be configured in any way to suit your needs.
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 6,200 SF | Flex | Full Build-Out | 60 Days |
1st Floor
| Size |
| 6,200 SF |
| Space Use |
| Flex |
| Condition |
| Full Build-Out |
| Available |
| 60 Days |
1st Floor
| Size | 6,200 SF |
| Space Use | Flex |
| Condition | Full Build-Out |
| Available | 60 Days |
Warehouse space with offices currently occupied by electronic and appliance repair tenant. Availability is negotiable. Two private restrooms and 3 private offices, but can be configured in any way to suit your needs.
Walk Score®
Very Walkable (70)
Property Taxes
| Parcel Numbers | Improvements Assessment | $254,200 | |
| Land Assessment | $85,600 | Total Assessment | $339,800 |
Property Taxes
Parcel Numbers
Land Assessment
$85,600
Improvements Assessment
$254,200
Total Assessment
$339,800
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2810 Covert Ave
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