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    5925 Covert Ave Evansville, IN 47714

    Sponsored
    For Sale
    $436,000

    Prime Commercial/Industrial/Residential Land

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 8.72-acre property, located at 5925 Covert Ave in Evansville, Indiana, presents a unique investment opportunity. Situated in Vanderburgh County, zip code 47714, the land boasts versatile zoning, allowing for a variety of commercial, industrial, and residential developments. The permitted zoning includes PUD, C-2, and R-1 classifications, offering significant flexibility for future projects. The expansive lot size provides ample space for large-scale developments or subdivision into smaller parcels. The property's location in Evansville offers convenient access to major transportation routes, amenities, and a thriving local economy. With its strategic location and flexible zoning, this property is ideal for developers, investors, or businesses seeking to establish a significant presence in the Evansville area. The APN is 82-06-36-006-088.008-026. The asking price for this remarkable opportunity is $436,000. This is a rare chance to acquire a substantial land parcel with exceptional development potential in a desirable location. Don't miss out on this chance to shape the future of Evansville.

    Property Features for 5925 Covert Ave

    General Information

    Property type
    Land
    Lot Size
    379,843 SF

    HighLights

    • 8.72‑acre land parcel in Evansville, Indiana.
    • Located at 5925 Covert Ave, Vanderburgh County, zip code 47714.
    • Versatile zoning (PUD, C‑2, R‑1) allows for commercial, industrial, and residential development.
    • APN: 82‑06‑36‑006‑088.008‑026.
    • Asking price: $436,000.
    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 Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Evansville
    County
    Vanderburgh
    State
    Indiana
    Longitude
    -87.477598256247
    Latitude
    37.954829060811

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    FAQs

    What type of property is this?
    Land - Prime Commercial/Industrial/Residential Land
    Where is this land located?
    The property is located at 5925 Covert Ave Evansville, IN.
    What is the asking price?
    The asking price for this property is $436,000.
    What are key features of this property?
    This property features: 8.72-acre land parcel in Evansville, Indiana.; Located at 5925 Covert Ave, Vanderburgh County, zip code 47714.; Versatile zoning (PUD, C-2, R-1) allows for commercial, industrial, and residential development.
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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
    5925 Covert Ave Evansville, IN 47714
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