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    601 Metro Ave Evansville, IN 47715

    Sponsored
    For Sale
    $169,000

    Evansville commercial/industrial land, ready to build.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.08-acre lot, located at 601 Metro Ave in Evansville, Indiana (zip code 47715), presents a unique opportunity for commercial or light industrial development. Situated in Vanderburgh County, this property boasts a highly desirable C-4 zoning designation, offering flexibility for a wide range of uses. The land itself is flat and level, significantly reducing site preparation costs and expediting the construction process. All essential utilities are conveniently located on-site, eliminating the need for extensive infrastructure development. This ready-to-build lot represents a significant advantage for developers seeking a streamlined and cost-effective project launch. The asking price for this prime piece of real estate is $169,000. Its convenient location in Evansville, Indiana, offers excellent access to transportation networks and a thriving local economy. The property's size and zoning make it ideal for a variety of commercial and light industrial ventures, providing a strong return on investment for the discerning buyer. Don't miss this chance to acquire a highly versatile and strategically located property in a growing market.

    Property Features for 601 Metro Ave

    General Information

    Property type
    Land
    Lot Size
    47,045 SF

    HighLights

    • Level site, ready for immediate development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Evansville
    County
    Vanderburgh
    State
    Indiana
    Longitude
    -87.479565408872
    Latitude
    37.982231399277

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    FAQs

    What type of property is this?
    Land - Evansville commercial/industrial land, ready to build.
    Where is this land located?
    The property is located at 601 Metro Ave Evansville, IN.
    What is the asking price?
    The asking price for this property is $169,000.
    What are key features of this property?
    This property features: Level site, ready for immediate development.; ;
    Request Owner's contact information
    601 Metro Ave 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
    601 Metro Ave Evansville, IN 47715
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