109 3Rd StEvansville, IN 47708

For Sale
$2,299,000

Prime Location, High Development Potential

Overview

Added:
Feb 3
Days on market:
38
This exceptional offering presents a unique opportunity to acquire two strategically located commercial lots in the heart of Evansville, Indiana. The first lot, encompassing 1.64 acres, includes a substantial 10,804 square foot building situated at 109 NW 3rd Street. This versatile structure is ideally suited for a variety of commercial uses, offering ample space for multiple businesses or the creation of valuable indoor parking facilities. Its prime downtown location ensures high visibility and accessibility, making it an attractive investment for developers seeking a ready-to-develop asset. The asking price for this lot and building is $1,700,000. A second, adjacent lot, also located at 109 NW 3rd Street, comprises one-quarter of a downtown city block and presents significant development potential. This lot is priced at $599,000. The sale of this second lot is contingent upon the simultaneous or prior sale of a separate property located at 20 NW 4th Street. This combined offering presents a compelling investment opportunity in a thriving downtown area, with the potential for substantial returns through redevelopment or lease income. The total asking price for both lots is $2,299,000. This is a rare chance to secure a significant footprint in Evansville's dynamic commercial landscape.

Property Details for 109 3Rd St

Property type
Other commercial real estate
Year Built
1976
Lot Size (sq. ft)
71,438 SF

Location Insight

City
Evansville
County
Vanderburgh
State
Indiana
Latitude
37.97247
Longitude
-87.57269
109 3Rd St, Evansville, Indiana

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109 3Rd St
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