0 The Promenade - Sec 4, Evansville, IN 47713
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.