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    1501 Burkhardt Rd - Sec 7 - Evansville, IN 47715

    Sponsored
    For Sale
    $535,200

    Prime 1.17-acre retail lot in thriving development

    Property size:
    50,965 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.17-acre commercial lot, located at 1501 N. Burkhardt Road, Section 7, Lot 11 in Evansville, Indiana, presents a unique investment opportunity within The Promenade, a premier mixed-use development in Vanderburgh County. Zoned C-2, this 50,965 square foot parcel offers significant potential for retail development, boasting a prime location along Vogel Road. The asking price is $535,200, translating to $10.50 per square foot. The Promenade is a vibrant, planned community combining residential, hospitality, shopping, and dining experiences, creating a high-end "live-work-play" environment. This development features lush landscaping, parks, and water features, enhancing its sophisticated style and appeal. The site's strategic location within this rapidly growing area ensures high visibility and accessibility, making it ideal for a variety of retail uses. Alternative lot sizes and box/shopping center sites are also available within The Promenade, providing flexibility for various development plans. The property's APN is TBD. This is a rare opportunity to secure a prominent location in one of Southwest Indiana's most sought-after mixed-use developments.

    Property Features for 1501 Burkhardt Rd - Sec 7 -

    General Information

    Property type
    Land
    Square Feet
    50,965 SF
    Lot Size
    50,965 SF

    HighLights

    • 1.17‑acre commercial lot in Evansville, IN's premier mixed‑use development, The Promenade.
    • Alternative lot sizes available within The Promenade.
    • Box and shopping center sites also available.
    • High‑quality, C‑2 zoned lot, 50,965 sq ft, $10.50/sq ft, $535,200 asking price.
    • Prime location in a thriving "live‑work‑play" community with high visibility and accessibility.
    • Variety of lot sizes and uses available to suit diverse development plans.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Evansville
    County
    Vanderburgh
    State
    Indiana
    Longitude
    -87.47263021
    Latitude
    37.98976929

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    FAQs

    What type of property is this?
    Land - Prime 1.17-acre retail lot in thriving development
    Where is this land located?
    The property is located at 1501 Burkhardt Rd - Sec 7 - Evansville, IN.
    What is the asking price?
    The asking price for this property is $535,200.
    What are key features of this property?
    This property features: 1.17-acre commercial lot in Evansville, IN's premier mixed-use development, The Promenade.; Alternative lot sizes available within The Promenade.; Box and shopping center sites also available.
    Request Owner's contact information
    1501 Burkhardt Rd - Sec 7 - Evansville, IN 47715
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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
    1501 Burkhardt Rd - Sec 7 - Evansville, IN 47715
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