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    The Promenade Sec 7 Evansville, IN 47713

    Sponsored
    For Sale
    $662,100

    Prime 1.36-acre commercial lot

    Property size:
    59,242 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.36-acre commercial lot, located in Evansville, Indiana's premier mixed-use development, The Promenade, presents a unique investment opportunity. Zoned C-4 & C-2, this 59,242 square foot parcel offers flexibility for various retail uses. Situated along Vogel Road, it benefits from high visibility and accessibility within a thriving, planned community that seamlessly blends residential, commercial, and recreational amenities. The Promenade is Southwest Indiana's only full-scale lifestyle development, boasting a high-end design incorporating parks, water features, and a vibrant streetscape. This lot is priced at $662,100, or $11.18 per square foot, representing a land value of $621,527 per acre. The development offers a range of available site sizes and caters to various commercial needs, including box stores and shopping centers. This is a chance to be part of a dynamic, high-quality, live-work-play environment, attracting a substantial customer base. The property's location within The Promenade ensures strong potential for return on investment. The site is ideally positioned to capitalize on the significant growth and development within the area. Broker co-op is available.

    Property Features for 0 The Promenade Sec 7

    General Information

    Property type
    Land
    Square Feet
    59,242 SF
    Lot Size
    59,242 SF

    HighLights

    • Costco outlots available.
    • Box and shopping center sites available.
    • Highest‑quality mixed‑use development in the market.
    • Live‑work‑play environment in a high‑end mixed‑use development.
    • Wide range of site sizes and uses available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Evansville
    County
    Vanderburgh
    State
    Indiana
    Longitude
    -87.5544182
    Latitude
    37.9584319

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    FAQs

    What type of property is this?
    Land - Prime 1.36-acre commercial lot
    Where is this land located?
    The property is located at The Promenade Sec 7 Evansville, IN.
    What is the asking price?
    The asking price for this property is $662,100.
    What are key features of this property?
    This property features: Costco outlots available.; Box and shopping center sites available.; Highest-quality mixed-use development in the market.
    Request Owner's contact information
    The Promenade Sec 7 Evansville, IN 47713
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    The Promenade Sec 7 Evansville, IN 47713
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