Posted on July 25, 2019 | By Andrew Wilson
- EVANSVILLE, IN – The former facility known to many as the Tin Man Building located at 1430 W. Franklin Street is slated for a sealed bid auction August 21
Now owned by Neace Family, LLC out of New Albany since 2017 the building once housed a state-of-the-art brewing facility. Neace acquired Tin Man Brewing and its building in 2017 and brewing eventually moved to another facility in Louisville. The brewing equipment has also since been removed and the 21,000+ square feet is vacant and ready for a new use.
“Renovated and restored with high quality materials, this is an exceptional property,” said Andrew Wilson, a Principal Auctioneer and Broker with William Wilson Auction Realty, Inc. who is handling the sale. “Functionally and mechanically equipped to handle a variety of high traffic uses. The amenities in this building lend themselves to an adaptive use that any buyer could move in and be operational in a short time.”
Located in the Opportunity Zone, along one of Evansville’s hottest districts for restaurant and night life, the building comprises three floors with a large warehouse facility wrapping around the bar and restaurant.
“The Opportunity Zone designation provides a unique investment opportunity for this property”, added Wilson, stating that investors may defer capital gains when buying into an Opportunity Zone or when they go to sell.
The auction is scheduled to be conducted via sealed bid with bid packages due August 21.