5525 Pearl Dr

Retail-Commercial for Sale
Also listed as Shopping Center
Catylist Listing ID: 30477312
Property Subtypes: Free-Standing Building, Garden Center
Building Size (RSF): 15,010 SF
Gross Land Area: 1.05 Acres
Sale Price: $1,500,000
Unit Price: $99.93 PSF
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/24/2020

Overview / Comments

Situated in the heart of Evansville's west side retail district across from AMC Theaters, this highly visible building will soon be unoccupied and available for continued use as a multi-tenant building or can be easily converted to single-tenant use.

-Rare opportunity for large user or investor to capitalize on growing west side market
- High demand area with frontage along the Lloyd Expressway
- Minutes from USI campus - with over 12,500 students and faculty
- Consumer base extends to Mt. Vernon, IN and into Southern Illinois
- Area retailers include Super Walmart, Lowe's, Home Depot, Schnucks Supermarket, AMC Theaters and a host of other national and local restaurants, businesses and banks.
-Property also listed for lease: $10 SF/yr (NNN)

Additional Details

Nearest MSA: Evansville
County: Vanderburgh
Taxing Authority: Vanderburgh County
Tax ID/APN: 82-05-28-007-452.010-024
Zoning: C-4
Retail Clientele: General, Family, Business, Traveler, Recreation
Property Located Between: Red Bank Rd & Boehne Camp Rd
Property Visibility: Excellent
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 15,010 SF
Year Built: 2001
Parking Type: Surface
Legal Description: EAGLE PLAZA SUB L 10

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,983 27,914 77,146
Median Age: 29.59 35.83 37.87
Households: 3,303 11,134 31,321

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