401 NW Fourth Street

Retail-Commercial for Sale
Also listed as Multi-Family, Industrial
Catylist Listing ID: 30409284
Property Subtypes: Free-Standing Building, Mixed Use
Building Size (RSF): 47,224 SF
Gross Building Area: See Agent
Gross Land Area: 0.69 Acres
Sale Price: $500,000
Unit Price: $10.59 PSF
Ceiling: 20 ft.
Drive In Bays: 2 Bays
In Opportunity Zone? Yes
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/25/2019

Overview / Comments

Historic 1891 brick warehouse/former brewery is prime for remodeling into lofts or office space. Three (3) floors of uninterrupted space (each 4,700 SF). Ornamental iron work throughout the interior. Possibility for 9,000 SF of indoor parking. One floor has nearly 30-foot ceilings. 4,700 SF of first floor retail space. Many other features present a base for any creative developer of historic urban space.

-Large freight elevator within the 4-story structure
-Masonry flooring / ceiling within several of the spaces
-Numerous on-street parking spaces
-Walking distance to Evansville’s financial and cultural district
-Adjacent to soon to be completed downtown YMCA modern athletic facility
-Easy access to North/South and East/West transportation corridors
-Two (2) overhead doors for vehicle access to interior parking / storage

Additional Details

Nearest MSA: Evansville
County: Vanderburgh
Taxing Authority: Vanderburgh County
Tax ID/APN: 82-06-30-029-031.004-029
Zoning: C-4
Number of Stories: 4
Property Condition: Poor
Year Built: 1891
Freight Elevators: 1

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,826 74,757 134,212
Median Age: 40.93 36.75 37.69
Households: 3,617 31,063 57,568

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