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    5017 Theater Dr Evansville, IN 47715

    Sponsored
    For Sale
    $131,262

    Prime Commercial Land: Retail, Restaurant Ready

    Property size:
    21,002 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 0.482-acre commercial land parcel, located at 5017 Theater Drive in Evansville, Indiana, is offered for sale at $131,262. The property, part of the Galleria Subdivision within Theater Drive Commercial Park Section 3, Lot 10, encompasses 21,002 square feet and is zoned C-4, allowing for a variety of commercial uses. Ideal for retail, restaurant, or service-related businesses, this property offers significant potential for development. All utilities are readily available, simplifying the setup process for new businesses. The asking price is $6.25 per square foot. The property's APN is 82-06-13-016-124.007-027. This is a for-sale-by-owner listing. While every effort has been made to ensure accuracy, potential buyers are advised to conduct their own due diligence. Information provided is believed to be reliable but is not guaranteed. This includes, but is not limited to, the accuracy of square footage, lot size, zoning, and utilities. The seller is not responsible for any errors or omissions.

    Property Features for 5017 Theater Dr

    General Information

    Property type
    Land
    Square Feet
    21,002 SF
    Lot Size
    20,996 SF

    HighLights

    • Excellent location for retail, restaurant, or service businesses.
    • 21,002 SF lot on 0.482 acres.
    • All utilities available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Evansville
    County
    Vanderburgh
    State
    Indiana
    Longitude
    -87.489057
    Latitude
    37.995169

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    FAQs

    What type of property is this?
    Land - Prime Commercial Land: Retail, Restaurant Ready
    Where is this land located?
    The property is located at 5017 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: Excellent location for retail, restaurant, or service businesses.; 21,002 SF lot on 0.482 acres.; All utilities available.
    Request Owner's contact information
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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
    5017 Theater Dr Evansville, IN 47715
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