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    2600 Oak Hill Rd Evansville, IN 47711

    Sponsored
    For Sale
    $1,000,000

    Prime 23-acre site, ideal for mixed-use development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 23.77-acre parcel of land presents a unique investment opportunity in Evansville, Indiana. Located at 2600 Oak Hill Road, this property boasts convenient access to Green River Road and I-164, ensuring excellent connectivity. The land is zoned R-3, allowing for a variety of development options, including residential, commercial, multi-family, office, retail, and self-storage uses. Situated between Lynch Road and Morgan Avenue, this above-flood-plain location offers significant advantages. All utilities are readily available, simplifying the development process. The property's APN is 82-06-15-034-295.002-020. With a total asking price of $1,000,000, the price per acre is $42,069, reflecting the land's high value and potential. This is a rare opportunity to acquire a substantial tract of land in a desirable location with excellent access and diverse development possibilities. Don't miss this chance to build your vision in a thriving Evansville community. The property is located in Vanderburgh County, Indiana, with a zip code of 47711.

    Property Features for 2600 Oak Hill Rd

    General Information

    Property type
    Multifamily properties
    Lot Size
    1,035,421 SF

    HighLights

    • $1,000,000 asking price for 23.77 acres of land.
    • R‑3 zoning.
    • Located between Lynch Road and Morgan Avenue in Evansville, IN.
    • Convenient access to Green River Road and I‑164.
    • All utilities available; above flood plain.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential income homes

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop 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
    -87.5226519
    Latitude
    38.000492

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    FAQs

    What type of property is this?
    Multifamily property - Prime 23-acre site, ideal for mixed-use development.
    Where is this multifamily property located?
    The property is located at 2600 Oak Hill Rd Evansville, IN.
    What is the asking price?
    The asking price for this property is $1,000,000.
    What are key features of this property?
    This property features: $1,000,000 asking price for 23.77 acres of land.; R-3 zoning.; Located between Lynch Road and Morgan Avenue in Evansville, IN.
    (812) 477-6980
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    2600 Oak Hill Rd Evansville, IN 47711
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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
    2600 Oak Hill Rd Evansville, IN 47711
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