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    The Promenade Evansville, IN 47713

    For Sale
    $958,000

    57,148 SF C-4 & C-2 zoned lot

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 57,148 square foot commercial lot is situated within The Promenade, a premier mixed-use development in Evansville, Indiana. Located in Vanderburgh County, zip code 47713, this property offers a unique opportunity to establish a business within a thriving, planned community. The land is zoned C-4 & C-2, allowing for a wide range of commercial uses. The asking price is $958,000, translating to $729,646 per acre. The Promenade is the only full-scale, mixed-use lifestyle development in Southwest Indiana and the Tri-State area, combining residential, hospitality, shopping, and dining options. This strategic location benefits from the development's integrated design, incorporating recreational amenities such as parks, water features, and a sophisticated streetscape. The development's high-end, live-work-play environment ensures a high-quality setting for any commercial venture. Various sizes and uses are available within The Promenade, making this lot ideal for businesses seeking a prominent location in a rapidly growing community. This is a rare opportunity to be part of a dynamic and successful mixed-use development. Contact us today to learn more about this exceptional commercial land opportunity.

    Property Features for 0 The Promenade

    General Information

    Property type
    Land

    HighLights

    • Costco outlots available.
    • Shopping center sites available.
    • Highest‑quality mixed‑use development in the market.
    • Live‑work‑play environment in a high‑end mixed‑use development.
    • Wide range of sizes and uses available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Evansville
    County
    Vanderburgh
    State
    Indiana
    Longitude
    -87.5544182
    Latitude
    37.9584319

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    FAQs

    What type of property is this?
    Land - 57,148 SF C-4 & C-2 zoned lot
    Where is this land located?
    The property is located at The Promenade Evansville, IN.
    What is the asking price?
    The asking price for this property is $958,000.
    What are key features of this property?
    This property features: Costco outlots available.; Shopping center sites available.; Highest-quality mixed-use development in the market.
    (812) 573-3500
    Request Owner's contact information
    The Promenade Evansville, IN 47713
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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

    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 Evansville, IN 47713
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