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    5009 Theater Dr Evansville, IN 47715

    For Sale
    $131,262

    0.48-acre lot, ideal retail/restaurant

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This 0.482-acre commercial land parcel, located at 5009 Theater Drive in Evansville, Indiana (47715), is available for sale. The property, APN 82-06-13-016-124.006-027, is zoned C-4 and offers 21,002 square feet of buildable space. Priced at $131,262 ($6.25/SF), it's perfectly situated for retail, restaurant, or service-related businesses. The site boasts excellent access to all utilities. This parcel is part of a larger development with flexible site layouts and several other available lots. Its prime location near Evansville's major retail corridor, including Eastland Mall just south of the property, presents a significant opportunity for businesses seeking high visibility and convenient access to a large customer base. The area along Green River Road has seen substantial retail growth, making this a strong investment prospect. This is a rare opportunity to acquire a well-located commercial lot in a thriving retail area.

    Property Features for 5009 Theater Dr

    General Information

    Property type
    Farms
    Lot Size
    20,996 SF

    HighLights

    • Parcel # 82‑06‑13‑016‑124.007‑027
    • $131,262.50 ($6.25/SF)
    • Ideal for retail, restaurant, or service businesses
    • 21,002 SF (0.482 acres)
    • C‑4 Zoning
    • All utilities available
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Evansville
    County
    Vanderburgh
    State
    Indiana
    Longitude
    -87.489422
    Latitude
    37.995169

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    FAQs

    What type of property is this?
    Farm - 0.48-acre lot, ideal retail/restaurant
    Where is this farm located?
    The property is located at 5009 Theater Dr Evansville, IN.
    What is the asking price?
    The asking price for this property is $131,262.
    What are key features of this property?
    This property features: Parcel # 82-06-13-016-124.007-027; $131,262.50 ($6.25/SF); Ideal for retail, restaurant, or service businesses
    Request Owner's contact information
    5009 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
    5009 Theater Dr Evansville, IN 47715
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