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Property profile & analytics
OFF-MARKET
Land

4908 Theater Dr Evansville, IN 47715

0.77 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Land
Lot 0.77 ac (33,541 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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