300 W Jennings St

Retail-Commercial for Sale
Catylist Listing ID: 30500552
Property Subtypes: Mixed Use, Street Retail, Other
Building Size (RSF): 33,937 SF
Gross Building Area: See Agent
Gross Land Area: 1.31 Acres
Sale Price: $1,500,000
Unit Price: $44.20 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/2/2020

Overview / Comments

Once in a lifetime opportunity to own a piece of history in Downtown Newburgh, IN. Jennings Station is a well know indoor/outdoor shopping and office complex in the Heart of Downtown Newburgh. Currently the property is nearly 100% occupied with numerous long-term tenants. Over the last 4 years the building has undergone a number of updates including a new roof over 75% of the property, 12 updated HVAC units and updated wireless security system and sprinkler system. All Residential apartments are new within the last 5 years and are all separately metered for Vectren. Landlord pays water/sewer for all units. Property appraised for $1,000,000 before 5 apartments were added and numerous updates were completed.

"Disclosure and Waiver Prior to Physical Showings must be signed before showing."

Additional Details

Nearest MSA: Evansville
County: Warrick
Tax ID/APN: 87-15-03-103-153.000-014
Zoning: C-1
Airports: Evansville Regional Airport
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1940

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,328 29,052 61,417
Median Age: 40.76 39.72 39.12
Households: 1,361 11,340 25,914
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