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    5030 Theater Dr Evansville, IN 47715

    For Sale
    $285,862

    1.05 Acres, C-4 Zoning, Retail Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 1.05-acre parcel, located at 5030 Theater Dr, Evansville, IN 47715 (APN 82-06-13-012-172.002-027), presents a prime opportunity for commercial development. Priced at $285,862 ($272,249/acre), this property boasts a C-4 zoning designation, making it ideal for a variety of retail, restaurant, or service-related businesses. The 45,738 square foot lot offers ample space for construction, and all utilities are readily available. Situated in the Galleria Subdivision, this location benefits from its proximity to a major retail corridor along Green River Road, including the prominent Eastland Mall just south of the property. The seller is open to considering sale, lease, or build-to-suite options, providing flexibility for potential buyers or tenants. The development offers several available parcels with adaptable site layouts, catering to diverse project needs. This is a rare opportunity to secure a well-located commercial lot in a thriving Evansville retail area. Don't miss out on this chance to establish your business in a high-traffic, high-visibility location.

    Property Features for 5030 Theater Dr

    General Information

    Property type
    Farms
    Lot Size
    45,738 SF

    HighLights

    • $285,862 asking price for 1.05 acres of commercial land.
    • C‑4 zoning allows for retail, restaurant, and service businesses.
    • Located at 5030 Theater Dr, Evansville, IN 47715 (APN: 82‑06‑13‑012‑172.002‑027).
    • All utilities available.
    • Site is suitable for build‑to‑suit opportunities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Evansville
    County
    Vanderburgh
    State
    Indiana
    Longitude
    -87.4881331
    Latitude
    37.9959862

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    FAQs

    What type of property is this?
    Farm - 1.05 Acres, C-4 Zoning, Retail Potential
    Where is this farm located?
    The property is located at 5030 Theater Dr Evansville, IN.
    What is the asking price?
    The asking price for this property is $285,862.
    What are key features of this property?
    This property features: $285,862 asking price for 1.05 acres of commercial land.; C-4 zoning allows for retail, restaurant, and service businesses.; Located at 5030 Theater Dr, Evansville, IN 47715 (APN: 82-06-13-012-172.002-027).
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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
    5030 Theater Dr Evansville, IN 47715
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