Auction Information
Auctioneer William Wilson Auction-Realty, Inc. 812.682.4000
Auction Date Aug 21 Auction
Location
2425 US-41 N, Suite 204
Evansville, IN
Time 12:00PM
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SEALED BID AUCTION

21,000+ SF BAR/RESTAURANT/EVENT SPACE

IN THE OPPORTUNITY ZONE

 

BIDS DUE: WEDNESDAY, AUGUST 21, 2019

12:00 NOON (CT)

BID DROP OFF LOCATION: 2425 US-41 N, SUITE 204, EVANSVILLE, IN 47711

 

PROPERTY LOCATION: 1430 W. Franklin Street, Evansville, IN 47710

 

PROPERTY DESCRIPTION:

  • 17,919 SF (.41136/acre) Highly Visible Corner Lot
  • STATE-OF-THE ART Building Totaling 21,000+ SF
  • Zoned M-2
  • 3,510 SF of Newly Renovated Restaurant Space
  • Large Bar, Kitchen, Serving Kitchen
  • Ample Seating Space
  • 8,741 SF Warehouse Space
  • Two Drive-in Doors
  • 2-Level Patio Seating
  • Third Floor Unfinished Space

POTENTIAL USES: Restaurant/Bar/Event Space

 

INSPECTIONS: Aug 9, 4-5 PM; Aug 14, 12-1 PM; Aug 20, 12-1 PM. All times (CT)

AUCTIONEERS NOTE: Renovated and restored with high quality materials, this is an exceptional property. Functionally and mechanically equipped to handle a variety of high traffic uses. Located in the Opportunity Zone, along one of Evansville’s hottest districts for restaurant and night life. Plan to inspect this property and submit your bid.

 

See the "Documents" tab for the terms and conditions of the sale, Broker participation form, property detail summary, property cards & reports, tax information, aerials, parcel information & maps, zoning information & maps, additional maps (topography maps, flood zone maps, and traffic count maps), drawings (surveys, proposed plans, and floor plans), easements, miscellaneous documentation, and an auction flyer!

See below the property detail summary table for further information regarding building structure and features.*

 

Zoning

M-2 Industrial District

Tax Parcel Number(s)

Address

1430 W. Franklin Street, Evansville, Indiana 47710

Building Size(s)

19,281 ± SF

Lot Size(s)

17,919 SF (.41136/acre) highly visible corner lot

Building Style(s)

  1. Brick
  2. Cinder Block
  3. Cinder Block and Metal

Construction Type(s)

Exterior Walls - Mix of Masonry-Style Concrete Block (Painted), Metal, and Brick Veneer; Interior Walls - Brick; Stick-Built with Drywall (Painted); Insulation – Fiberglass in Ceiling (Concealed); Flooring - Mix of Wood, Vinyl and Ceramic Tile;

Foundation

Reinforced Concrete Pier and footings, concrete slab on grade

Site Characteristics

Square in shape, Sloping towards drainage

Frontage

Approximately 135' on W. Franklin Street and 132’ on N. Seventh Avenue

Roof Type(s)

Metal and rubber membrane

HVAC Type(s)

 

Gas forced air furnaces with Central Air Conditioning Throughout;

Ceiling Height(s)

Original Building – 8.5’ ceiling height

Warehouse - approx. 14’ & 20’ clear height

Utilities

Public Electricity (400 Amp), Gas, Water, Sewer, Phone/Cable

Overhead Doors

13’; 14’

Year(s) Built

Renovated in 2012

Township

Pigeon

Assessed Value

$345,700 (2019)

Annual Taxes

$10,640/year (2018 Payable 2019)

Required Down Payment

10% of Gross Purchase Price 

Closing Time

Within Thirty (30) Days

Tax Administration

Real Estate Property Taxes Will Be The Responsibility of the Buyer Beginning May 2020 and thereafter

 

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