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    1232 Cross Pointe Pl Evansville, IN 47715

    Sponsored
    For Sale
    $2,080,000

    I-69 frontage, Costco adjacent, 9.55 acres.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    399
    This exceptional 9.55-acre commercial land parcel presents a unique investment opportunity in Evansville, Indiana. Located at 1232 Cross Pointe Pl, 47715, this property boasts prime I-69 frontage and is situated directly adjacent to a Costco, ensuring high visibility and accessibility. Zoned C-4 & C-2, the land is part of The Promenade, a thriving mixed-use development combining residential, hospitality, shopping, and dining options. The development features a planned streetscape, lush landscaping, parks, and water features, creating a high-end, live-work-play environment. This lot offers significant potential for various commercial uses, including box stores and shopping centers, capitalizing on the high-quality development and strong regional draw. The asking price is $2,080,000, translating to $217,990 per acre. This represents a rare chance to acquire land in a premier location within a rapidly growing and highly desirable mixed-use development. Don't miss this opportunity to secure a prominent position in Southwest Indiana's most exciting commercial project.

    Property Features for 1232 Cross Pointe Pl

    General Information

    Property type
    Land
    Lot Size
    415,998 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Evansville
    County
    Vanderburgh
    State
    Indiana
    Longitude
    -87.4641969
    Latitude
    37.9880284

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    FAQs

    What type of property is this?
    Land - I-69 frontage, Costco adjacent, 9.55 acres.
    Where is this land located?
    The property is located at 1232 Cross Pointe Pl Evansville, IN.
    What is the asking price?
    The asking price for this property is $2,080,000.
    (812) 573-3500
    Request Owner's contact information
    1232 Cross Pointe Pl 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
    1232 Cross Pointe Pl Evansville, IN 47715
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