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    The Promenade - Section 7 Evansville, IN 47715

    Sponsored
    For Sale
    $694,000

    1.77-acre commercial lot, prime location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    399
    This exceptional 1.77-acre commercial lot is situated in Section 7, Lot 16 of The Promenade, Evansville, Indiana, a thriving mixed-use development in Vanderburgh County (zip code 47715). The property enjoys a highly visible location adjacent to Fresh Thyme and Drake's, benefiting from the significant foot traffic and consumer base generated by this successful retail center. The Promenade itself is a unique, full-scale lifestyle development, the only one of its kind in Southwest Indiana and the Tri-State area. It seamlessly blends high-quality residential living, hospitality options, and premier shopping and dining experiences, creating a vibrant and desirable community. The development's design incorporates recreational amenities, attractive landscaping, parks, water features, and a sophisticated streetscape, offering a blend of upscale style and small-town charm. This lot presents a remarkable opportunity for businesses seeking a prominent location within a rapidly growing and well-established mixed-use environment. The asking price for this exceptional property is $694,000. The property is zoned for commercial use and offers significant potential for a variety of businesses. This is a rare opportunity to secure a prime commercial lot in a highly sought-after location.

    Property Features for 0 The Promenade - Section 7

    General Information

    Property type
    Land
    Lot Size
    77,101 SF

    HighLights

    • 1.77‑acre commercial lot available in Evansville, IN's The Promenade development.
    • Prime location adjacent to Fresh Thyme and Drake's, benefiting from high foot traffic.
    • High‑quality, mixed‑use development, the only one of its kind in Southwest Indiana.
    • $694,000 asking price.
    • Zoned for commercial use, offering diverse business opportunities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Evansville
    County
    Vanderburgh
    State
    Indiana
    Longitude
    -87.47251845076
    Latitude
    37.988397856566

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    FAQs

    What type of property is this?
    Land - 1.77-acre commercial lot, prime location.
    Where is this land located?
    The property is located at The Promenade - Section 7 Evansville, IN.
    What is the asking price?
    The asking price for this property is $694,000.
    What are key features of this property?
    This property features: 1.77-acre commercial lot available in Evansville, IN's The Promenade development.; Prime location adjacent to Fresh Thyme and Drake's, benefiting from high foot traffic.; High-quality, mixed-use development, the only one of its kind in Southwest Indiana.
    (812) 573-3500
    Request Owner's contact information
    The Promenade - Section 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.

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    Cap approach

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    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 - Section 7 Evansville, IN 47715
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