1320 SE 2nd St, Evansville, IN 47713
Commercial property for lease
- Description
- Big price drop on 12/5. Formerly known as the Rathbone Retirement Community, owners are ceased assisted living operations as of September 1st and offer the property for sale ready for apartment conversion. The building itself contains 58 units on 2 stories in the original section constructed in 1869 and a large addition completed in 1985. The units are a mix of studio, one and two bedrooms each with individual kitchen and baths. Each unit is separately metered and has their own package HVAC making it ready to rent as standard apartments or senior housing. The grounds are meticulously landscaped and the site has several large mature hardwood trees that shade the building and grounds and provide a very attractive appearance. The Rathbone property includes many common amenities including a full commercial kitchen and dining room, laundry room, library, recreation room, and a hair salon. The property has a large basement and attic that along with the common areas and rear courtyard could be areas for future expansion. The property is offered with all FF&E including lawn care equipment and commercial kitchen. Building price details: $2,080,000.
- Exterior Features
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Parking: Yes Parking Spaces: 54 Parking Type: Surface - Contact info
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Scott Edmond CCIMSVN | The Martin Group
- Note
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- Property Details
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Building Name: The Rathbone Property Type: Commercial (Other) Status: Available Lot Size: 2.700 Acres Number of Stories: 2 Year Built: 1869 Year Renovated: 2014 Submarket: Low-Rise/Garden, Mid-Rise MSA: Evansville Zoning: R-3 Buildings: 1 Construction: Brick Terms: Cash to Seller, Purchase Money Mortgage Added: 12/21/2017