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    The Promende - Section 7 Evansville, IN 47715

    Sponsored
    For Sale
    $694,000

    1.77-acre lot, prime Evansville location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    399
    This exceptional 1.77-acre commercial land parcel presents a unique investment opportunity within The Promenade, a thriving mixed-use development in Evansville, Indiana (zip code 47715). Situated in Section 7, Lot 16, this property enjoys a high-visibility location adjacent to Fresh Thyme and Drake's, benefiting from the significant foot traffic and established clientele of this premier shopping destination. The Promenade itself is a meticulously planned, full-scale lifestyle development, unlike any other in Southwest Indiana and the Tri-State area. It seamlessly blends high-quality residential living, hospitality options, and exceptional shopping and dining experiences, creating a vibrant and desirable community. The development's thoughtful design incorporates recreational amenities, lush landscaping, parks, water features, and a charming streetscape, offering a sophisticated yet welcoming atmosphere. This 1.77-acre lot is ideally suited for a variety of commercial uses, capitalizing on the high-end, live-work-play environment and the strong demand for retail and commercial space within this rapidly growing area. The asking price is $694,000. This represents a rare chance to acquire a highly desirable commercial lot in a premier location within a successful and expanding mixed-use development. Don't miss this opportunity to be part of The Promenade's continued success.

    Property Features for 0 The Promende - Section 7

    General Information

    Property type
    Land
    Lot Size
    77,101 SF

    HighLights

    • 1.77‑acre commercial lot available in The Promenade, Evansville, IN (47715).
    • High‑visibility location adjacent to Fresh Thyme and Drake's in a thriving mixed‑use development.
    • High‑quality, live‑work‑play environment in a rapidly growing area.
    • $694,000 asking price.
    • Variety of commercial uses available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Evansville
    County
    Vanderburgh
    State
    Indiana
    Longitude
    -87.472518828585
    Latitude
    37.988222149838

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    FAQs

    What type of property is this?
    Land - 1.77-acre lot, prime Evansville location.
    Where is this land located?
    The property is located at The Promende - Section 7 Evansville, IN.
    What is the asking price?
    The asking price for this property is $694,000.
    What are key features of this property?
    This property features: 1.77-acre commercial lot available in The Promenade, Evansville, IN (47715).; High-visibility location adjacent to Fresh Thyme and Drake's in a thriving mixed-use development.; High-quality, live-work-play environment in a rapidly growing area.
    (812) 573-3500
    Request Owner's contact information
    The Promende - Section 7 Evansville, IN 47715
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    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 Promende - Section 7 Evansville, IN 47715
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