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40 N First Avenue
AI Property Summary
Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).
- Creative office property for sale in downtown Evansville
- Net-leased investment generating $323,027 in annual income
- Current asset offering a cap rate of 7.02 percent
- Priced at 4.6 million dollars for qualified investors
- Located at 40 N First Avenue in Indiana
What's Special
This creative office property at 40 N First Avenue in Evansville, Indiana, represents a net-leased asset positioned within a growing regional commercial hub. The facility serves as a functional workspace for modern professional services or specialized creative teams seeking a stable investment environment in the heart of the city. With its strategic location, the property benefits from the accessibility of downtown Evansville, a city known for its diverse economic base and significant role as a regional anchor for commerce along the Ohio River. The asset generates a net operating income of $323,027, providing a stable revenue stream for prospective investors focused on long-term portfolio growth. The building functions well for businesses requiring efficient, open-concept layouts often favored by contemporary firms. Its presence in this submarket allows tenants to tap into the local workforce while maintaining connectivity to major transit routes serving the tri-state area.
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