4908 Theater Dr Evansville, IN 47715
This exceptional 0.77-acre commercial land parcel, located at 4908 Theater Dr, Evansville, Indiana (APN 82-06-13-013-219.002-027), presents a unique investment opportunity. Zoned C-4, this property offers significant flexibility for a variety of commercial uses, including retail, restaurant, or service-related businesses. The asking price is $302,062, representing a land value of $392,288 per acre. Situated in a thriving commercial area of Evansville, this parcel benefits from its proximity to Eastland Mall, the area's largest shopping center, and is part of a larger development with multiple available parcels. The seller is open to sale, lease, or build-to-suite options, providing considerable adaptability for potential buyers or tenants. This prime location along the northern section of Green River Road, a major retail corridor, ensures high visibility and accessibility. The property's layout allows for flexibility in site design, catering to diverse business needs. This is an excellent opportunity to establish a presence in a well-established and rapidly growing commercial area of Evansville. Note that 4900 and 4908 Theater Drive will be sold together as one parcel. This presents a significant opportunity for a larger-scale commercial development.
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.