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312-314 Martin Luther King Jr Blvd 15,840 SF 100% Leased Office Building Evansville, IN 47708 $595,000 ($37.56/SF) 11.26% Cap Rate
INVESTMENT HIGHLIGHTS
- 15,840 SF office building.
- Sticky and long term tenants.
- Convenient Downtown Location.
- 100% occupied.
- Roof replaced in June 2025.
EXECUTIVE SUMMARY
Introducing a prime investment opportunity in Evansville, Indiana's thriving Downtown area. This 15,840 SF office building has 14 suites, offering a diversified tenant mix and a stable income stream. Built in 1957 and renovated in 2016, this property boasts a solid foundation and modern amenities. Zoned C-4 and currently enjoying 100% occupancy, it presents a high-yielding investment. Don't miss this chance to add a sought after property with a strong rental history to your portfolio.
Located on Martin Luther King Jr. Blvd., this location benefits from being centrally located in the city as well as being on the edge of downtown. Ample free on-site parking provided for tenants and clients make this an exceptional option to most downtown office users. Built out with numerous private offices or left open for a modern feel - these suites may be modified to suit tenants needs. Conveniently located 2 blocks from Ford Center, Main Street, and Civic Center.
Located on Martin Luther King Jr. Blvd., this location benefits from being centrally located in the city as well as being on the edge of downtown. Ample free on-site parking provided for tenants and clients make this an exceptional option to most downtown office users. Built out with numerous private offices or left open for a modern feel - these suites may be modified to suit tenants needs. Conveniently located 2 blocks from Ford Center, Main Street, and Civic Center.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
15,840 SF
Building Class
B
Year Built
1957
Price
$595,000
Price Per SF
$37.56
Cap Rate
11.26%
NOI
$67,000
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
5,280 SF
Building FAR
0.51
Lot Size
0.71 AC
Opportunity Zone
Yes
Zoning
C-4 - Commercial C-4
Parking
60 Spaces (3.79 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Controlled Access
- Air Conditioning
1 1
Walk Score®
Very Walkable (71)
PROPERTY TAXES
| Parcel Number | 82-06-30-029-037.021-029 | Improvements Assessment | $245,500 |
| Land Assessment | $117,800 | Total Assessment | $363,300 |
PROPERTY TAXES
Parcel Number
82-06-30-029-037.021-029
Land Assessment
$117,800
Improvements Assessment
$245,500
Total Assessment
$363,300
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312-314 Martin Luther King Jr Blvd
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