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    The Promenade -Sec 7 - Evansville, IN 47715

    For Sale
    $595,000

    Prime 1.82-acre commercial lot in Evansville, IN

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional 1.82-acre commercial lot, located in Evansville, Indiana's premier mixed-use development, "The Promenade," presents a unique investment opportunity. Situated in Vanderburgh County, zip code 47715, this property boasts a C-4 & C-2 zoning designation, offering considerable flexibility for a wide range of commercial uses. The lot is part of a thriving, planned community that seamlessly blends residential, commercial, and recreational elements, creating a vibrant and desirable lifestyle destination. The Promenade is designed to provide a high-end, live-work-play environment, incorporating lush landscaping, parks, and water features to enhance its sophisticated style. This corner lot offers exceptional visibility and accessibility, making it ideal for businesses seeking a prominent location within a rapidly growing area. Alternative lot sizes and various commercial options, including Costco outlots and box/shopping center sites, are also available within this dynamic development. The asking price is $595,000, translating to $316,312 per acre, reflecting the exceptional quality and potential of this prime commercial land. The property's APN is TBD.

    Property Features for 0 The Promenade -Sec 7 -

    General Information

    Property type
    Land
    Lot Size
    79,279 SF

    HighLights

    • Corner lot available.
    • High‑end mixed‑use development offering live‑work‑play opportunities.
    • Flexible lot sizes available to accommodate various needs.
    • Costco outlots available for lease.
    • Retail spaces, including box and shopping center sites, available.
    • Premium quality construction and finishes.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Evansville
    County
    Vanderburgh
    State
    Indiana
    Longitude
    -87.47259515
    Latitude
    37.99120466

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    FAQs

    What type of property is this?
    Land - Prime 1.82-acre commercial lot in Evansville, IN
    Where is this land located?
    The property is located at The Promenade -Sec 7 - Evansville, IN.
    What is the asking price?
    The asking price for this property is $595,000.
    What are key features of this property?
    This property features: Corner lot available.; High-end mixed-use development offering live-work-play opportunities.; Flexible lot sizes available to accommodate various needs.
    (812) 573-3500
    Request Owner's contact information
    The Promenade -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
    The Promenade -Sec 7 - Evansville, IN 47715
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