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    The Promenade Development Evansville, IN 47715

    Sponsored
    For Sale
    Contact for pricing

    170 Acres, Mixed-Use Opportunity

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    The Promenade Development presents a unique 170-acre commercial land opportunity in Evansville, Indiana (zip code 47715), Vanderburgh County. This is the only planned, full-scale mixed-use lifestyle development in Southwest Indiana and the Tri-State area, offering a blend of residential, hospitality, shopping, and dining experiences. The development is designed to seamlessly integrate commercial functionality with recreational amenities, including lush landscaping, parks, water features, and a downtown streetscape atmosphere. This creates a sophisticated yet charming environment with ample suburban space. Available sites include Costco outlots and spaces for box stores and shopping centers, catering to a wide range of sizes and uses. The development prioritizes high quality, reflecting a live-work-play philosophy within a high-end mixed-use setting. This prime location offers businesses the chance to be part of a thriving, master-planned community, attracting both residents and visitors. The development's strategic design and comprehensive amenities position it for significant long-term growth and success. This is an exceptional opportunity to establish a presence in a rapidly developing area with strong potential for return on investment. Interested parties should contact the listing agent for further details and availability.

    Property Features for 0 The Promenade Development

    General Information

    Property type
    Land
    Lot Size
    7,405,200 SF

    HighLights

    • Costco‑anchored outparcels available for lease.
    • Retail spaces and shopping center sites available for lease.
    • Premium quality construction and finishes.
    • Upscale mixed‑use development offering live‑work‑play lifestyle.
    • Diverse range of space sizes and potential uses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Evansville
    County
    Vanderburgh
    State
    Indiana
    Longitude
    -87.4703029
    Latitude
    37.961954

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    FAQs

    What type of property is this?
    Land - 170 Acres, Mixed-Use Opportunity
    Where is this land located?
    The property is located at The Promenade Development Evansville, IN.
    What are key features of this property?
    This property features: Costco-anchored outparcels available for lease.; Retail spaces and shopping center sites available for lease.; Premium quality construction and finishes.
    (812) 573-3500
    Request Owner's contact information
    The Promenade Development 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 Development Evansville, IN 47715
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