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    The Promenade - Sec 4 Evansville, IN 47713

    For Sale
    $1,035,000

    High-visibility Costco outlot, 1.32 acres

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional 1.32-acre commercial lot, located in Evansville, Indiana's premier mixed-use development, The Promenade, presents a unique investment opportunity. Situated at a highly visible corner with excellent access and exposure, this property is directly adjacent to a new Range USA and benefits from the significant traffic generated by the nearby Costco. Zoned C-4 & C-2, it offers flexibility for a variety of commercial uses. The lot size is 57,857 square feet, priced at $1,035,000, or $785,265 per acre. The Promenade is a thriving, master-planned community combining residential, retail, and recreational elements, creating a vibrant live-work-play environment. This development boasts high-quality construction and design, lush landscaping, and attractive streetscapes, ensuring a sophisticated yet welcoming atmosphere. The strategic location within this rapidly growing area offers exceptional potential for long-term growth and return on investment. Don't miss this chance to secure a prime commercial parcel in one of Evansville's most sought-after developments.

    Property Features for 0 The Promenade - Sec 4

    General Information

    Property type
    Land

    HighLights

    • Costco outparcels available for lease.
    • Shopping center and big box sites available.
    • High‑quality construction and design in a premier mixed‑use development.
    • Live‑work‑play environment in a thriving master‑planned community.
    • Variety of lot sizes and permitted 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 - High-visibility Costco outlot, 1.32 acres
    Where is this land located?
    The property is located at The Promenade - Sec 4 Evansville, IN.
    What is the asking price?
    The asking price for this property is $1,035,000.
    What are key features of this property?
    This property features: Costco outparcels available for lease.; Shopping center and big box sites available.; High-quality construction and design in a premier mixed-use development.
    (812) 573-3500
    Request Owner's contact information
    The Promenade - Sec 4 Evansville, IN 47713
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    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.

    AI approach

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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 - Sec 4 Evansville, IN 47713
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