Listed by SVN | The Martin Group Evansville
$595,000
312 NW Martin Luther King Jr Blvd
Details
Property Type Office
Sub Type Executive Office
Square Footage 15,840
Units 14
Cap Rate 10.81%
NOI $67,000
Occupancy 100%
Tenancy Multi
Price per SqFt $39
Class B
Year Built 1957
Year Renovated 2016
Buildings 1
Stories 1
Acreage 0.707
Zoning C-4
Office | 10.81% CAP | 15,840 SqFt
Marketing description
Introducing a prime investment opportunity in Evansville, IN's thriving Downtown area. This 15,840 SF office building houses 14 suites, offering a diversified tenant mix and stable income stream. Built in 1957 and renovated in 2016, this property boasts a solid foundation and modern amenities. Zoned C-4 and currently enjoying 100% occupancy, it presents a high-yielding investment. Don't miss this chance to add a sought after property with a strong rental history to your portfolio.
Investment highlights
- 15,840 SF office building.
- 100% occupied.
- Sticky and long term tenants.
- Built in 1957, renovated in 2016
- Roof replaced in June 2025
- Zoned C-4
- Downtown location
Listing Contacts
Listed by SVN | The Martin Group Evansville
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$67,000.00
$5,583.33/mo
Valuation Metrics
0
DSCR
11.26%
Cap Rate
11.26%
ROI
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