149,182 sq ft Vacant Shopping Center on 11.5 +/- Acres
BIDDING TO COMMENCE AT: $585,000
2500 N. First Ave (Corner of Diamond & First Avenues), Evansvlle, In 47711
AUCTION LOCATION: Evansville Plaza Hotel - 5701 Highway 41 North, Evansville, IN 47711
PROPERTY DESCRIPTION: Tremendous value-added opportunity. Over 34,000 vehicles pass this highly visible site every day. Center can be re-tenanted in existing three free-standing buildings of 99,251 sq. ft., 43,431 sq. ft; and a 6,500 sq. ft. out-lot building. The 99,251 sq. ft. building is a "big box" space. The 43,431 sq. ft. building is currently divided into modules of 30,031 sq. ft., 7,676 sq. ft., 2,450 sq. ft., 1,680 sq. ft., and 1,594 sq. ft. The out-lot building of 6,500 sq. ft. is set up for a single user. With 11.5+/- acres, this property is also ideal and well located for re-development to an "outlet mall". The center has 713 paved parking spaces. Zoned C-4, Commercial, and built in 1974 and remodeled in 1986. 2009 Real Estate taxes: $98,496.12. Currently assessed at $3,830,000, possible great opportunity for significant Real Estate Tax Reduction. Please consult your attorney.
LOCATION: 788 feet of frontage on N. First Ave., and 580 feet of frontage on Diamond Ave. Located near Interstate I-64, & I-164, U.S. Highway 41. State Highways 57, 62, & 66.
Directions: From Evansville Regional Airport, take IN- 57 1 mile south to US-41 South 3 miles to E. Diamond Ave., turn right and go 1.9 miles to 1st Ave and turn right. Property is located at corner of Diamond & 1st Ave
Cashier’sCheck Required To Bid: A Cashier’s Check in the amount of $45,000 made payable to the Apex Title, LLC is required to register and bid at auction
ON-SITE INSPECTIONS: October 28 & November 3 from 12 2:30 to 4:00 PM
For Brochure, Bid Packet &Terms of Sale
Call 216-360-0009 or 216-839-2005
CHARTWELL GROUP, LLC /
Gordon Greene, CCIM INAL AU0144578
In Cooperation with Baker Auction & Realty - Jonathan Baker INAU10400085
Auctioneer License Information: IN: AU10400085 KY: RP2788 IL: 441.001326
Auction Listings provided by AuctionZip.com. Although the information published herein is from sources deemed reliable, AuctionZip.com expressly disclaims any liability for errors, omissions or changes regarding any information provided for this auction. Potential buyers are urged to verify auction date, time, and content directly through the auctioneer's website or by contacting the auctioneer directly. The terms and conditions of the auction may or may not be published in this listing. ALL TERMS AND CONDITIONS AND OTHER ANNOUNCEMENTS MADE THE DAY OF THE AUCTION ARE BINDING AND TAKE PRECEDENCE OVER ANY INFORMATION FOUND HEREIN.
