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    OFF-MARKET
    Land

    0 The Promenade - Sec 4, Evansville, IN 47713

    2.5 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 2.5-acre commercial land parcel, located in Evansville, Indiana (zip code 47713), presents a unique investment opportunity within The Promenade, a premier mixed-use development in Southwest Indiana. Situated at a highly visible, lighted corner, this lot is ideally suited for a Costco outlot or similar high-profile commercial venture. The property boasts C-4 and C-2 zoning, allowing for a wide range of commercial uses. The Promenade itself is a meticulously planned development combining residential, hospitality, shopping, and dining options, creating a vibrant and thriving community. This location benefits from the high traffic volume associated with the Costco and other established businesses within the development. The site offers significant potential for substantial returns due to its prime location and the overall quality of the surrounding development, which includes recreational amenities such as parks, water features, and a thoughtfully designed streetscape. The asking price is $1,040,000, representing a price per acre of $435,679. This is a rare opportunity to acquire a highly desirable commercial lot in a rapidly growing area. The property is part of a larger development that emphasizes a live-work-play lifestyle, attracting a significant and affluent demographic. This makes it an ideal location for businesses seeking high visibility and access to a strong consumer base. Don't miss this chance to secure a prominent position in one of the region's most exciting mixed-use developments.

    Property profile
    Verified
    Property type Land
    Lot 2.5 ac (108,900 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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