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    The Promenade - Section 4 Evansville, IN 47713

    Sponsored
    For Sale
    $1,027,000

    Prime Evansville commercial lot, Costco visibility.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1.31-acre commercial land parcel, located at The Promenade - Section 4 Lot 10 in Evansville, Indiana (47713), presents a unique investment opportunity. Priced at $1,027,000 ($784,582/acre), this property boasts a highly desirable location at a lighted corner immediately in front of Range USA, providing unparalleled visibility and accessibility. The site is zoned C-4 & C-2, allowing for a wide range of commercial uses. The Promenade is a premier, planned mixed-use development in Southwest Indiana and the Tri-State area, combining residential, hospitality, shopping, and dining options in a vibrant, live-work-play environment. This development features high-quality construction, lush landscaping, parks, water features, and a sophisticated streetscape design. The property's strategic location within this thriving community ensures high traffic volume and significant exposure to a diverse customer base. This is an exceptional opportunity to establish a presence in one of Evansville's most sought-after commercial locations. The site is part of a larger development that includes Costco and other high-profile businesses, offering significant synergy and potential for increased profitability. Don't miss this chance to secure a prime commercial lot in a rapidly growing market.

    Property Features for 0 The Promenade - Section 4

    General Information

    Property type
    Land
    Lot Size
    57,064 SF

    HighLights

    • $1,027,000 asking price for 1.31 acres of commercial land.
    • C‑4 & C‑2 zoning.
    • $784,582 per acre land value.
    • Costco outlot, corner lot with high visibility.
    • Located in Evansville, IN, at The Promenade, Section 4, Lot 10.
    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 - Prime Evansville commercial lot, Costco visibility.
    Where is this land located?
    The property is located at The Promenade - Section 4 Evansville, IN.
    What is the asking price?
    The asking price for this property is $1,027,000.
    What are key features of this property?
    This property features: $1,027,000 asking price for 1.31 acres of commercial land.; C-4 & C-2 zoning.; $784,582 per acre land value.
    (812) 573-3500
    Request Owner's contact information
    The Promenade - Section 4 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.

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    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 - Section 4 Evansville, IN 47713
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