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    101 Boeke Rd Evansville, IN 47714

    For Sale
    $275,000

    Prime C-Store location, high traffic area.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 0.37-acre commercial property, located at 101 S Boeke Rd in Evansville, Indiana, presents a lucrative development opportunity for a convenience store. Zoned C-2, this strategically positioned lot sits at a signaled corner, offering excellent visibility and accessibility. The property's prime location boasts convenient access to Lloyd Expressway, placing it within a short distance of key demographics. Less than a mile from the University of Evansville campus and under two miles from the Ascension St. Vincent Medical Complex, this site benefits from high daily traffic volume and a diverse customer base. Further enhancing its investment potential, an adjacent 0.15-acre property is available for acquisition. This adjacent property includes an income-producing building currently housing four tenants, generating a gross annual income of $24,000. The asking price for the 0.37-acre convenience store development site is $275,000. This presents a unique opportunity to establish a thriving business in a high-demand area with significant growth potential. The property's location near major roadways, educational institutions, and a medical complex ensures consistent customer traffic and strong returns on investment. The combined potential of the main lot and the adjacent income-producing property makes this a truly compelling investment opportunity in Evansville, Indiana, zip code 47714.

    Property Features for 101 Boeke Rd

    General Information

    Property type
    Individual retail properties
    Lot Size
    16,117 SF

    HighLights

    • $275,000 asking price for a retail convenience store.
    • 0.37‑acre lot size.
    • C‑2 zoning.
    • Located at 101 S Boeke Rd, Evansville, IN 47714.
    • Signalized corner lot with Lloyd Expressway access.
    • Less than one mile from the University of Evansville and less than two miles from Ascension St. Vincent Medical Complex.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    TeliahsBeauty Beauty Salon LeVvel Up With ... Medical Spa 360 Photo Booth ... Photography Service

    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
    -87.520654
    Latitude
    37.9761363

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    FAQs

    What type of property is this?
    Individual retail property - Prime C-Store location, high traffic area.
    Where is this individual retail property located?
    The property is located at 101 Boeke Rd Evansville, IN.
    What is the asking price?
    The asking price for this property is $275,000.
    What are key features of this property?
    This property features: $275,000 asking price for a retail convenience store.; 0.37-acre lot size.; C-2 zoning.
    Request Owner's contact information
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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
    101 Boeke Rd Evansville, IN 47714
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