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    4908 Theater Dr Evansville, IN 47715

    For Sale
    $302,062

    Evansville, IN: 0.77 acres C-4 zoned

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional 0.77-acre commercial land parcel, located at 4908 Theater Dr, Evansville, Indiana (APN 82-06-13-013-219.002-027), presents a unique investment opportunity. Zoned C-4, this property offers significant flexibility for a variety of commercial uses, including retail, restaurant, or service-related businesses. The asking price is $302,062, representing a land value of $392,288 per acre. Situated in a thriving commercial area of Evansville, this parcel benefits from its proximity to Eastland Mall, the area's largest shopping center, and is part of a larger development with multiple available parcels. The seller is open to sale, lease, or build-to-suite options, providing considerable adaptability for potential buyers or tenants. This prime location along the northern section of Green River Road, a major retail corridor, ensures high visibility and accessibility. The property's layout allows for flexibility in site design, catering to diverse business needs. This is an excellent opportunity to establish a presence in a well-established and rapidly growing commercial area of Evansville. Note that 4900 and 4908 Theater Drive will be sold together as one parcel. This presents a significant opportunity for a larger-scale commercial development.

    Property Features for 4908 Theater Dr

    General Information

    Property type
    Land
    Lot Size
    33,541 SF

    HighLights

    • 0.77‑acre commercial land parcel in Evansville, IN (APN 82‑06‑13‑013‑219.002‑027), priced at $302,062.
    • C‑4 zoning allows for retail, restaurant, and service businesses.
    • High visibility location on Green River Road, near Eastland Mall.
    • Seller offers sale, lease, or build‑to‑suite options.
    • Includes adjacent parcel at 4900 Theater Drive; suitable for large‑scale development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Evansville
    County
    Vanderburgh
    State
    Indiana
    Longitude
    -87.49081
    Latitude
    37.995982

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    FAQs

    What type of property is this?
    Land - Evansville, IN: 0.77 acres C-4 zoned
    Where is this land located?
    The property is located at 4908 Theater Dr Evansville, IN.
    What is the asking price?
    The asking price for this property is $302,062.
    What are key features of this property?
    This property features: 0.77-acre commercial land parcel in Evansville, IN (APN 82-06-13-013-219.002-027), priced at $302,062.; C-4 zoning allows for retail, restaurant, and service businesses.; High visibility location on Green River Road, near Eastland Mall.
    (812) 477-6980
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    4908 Theater Dr 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
    4908 Theater Dr Evansville, IN 47715
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