Property profile

0 The Promenade Evansville, IN 47713

OFF-MARKET
Land
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Property summary

AI-generated overview

This exceptional 88,074 square foot commercial land parcel presents a unique investment opportunity in Evansville, Indiana's thriving Promenade development. Located in Vanderburgh County, zip code 47713, this property boasts a C-4 and C-2 zoning designation, offering considerable flexibility for a variety of commercial uses. The asking price is $897,500, translating to $446,609 per acre. Situated within The Promenade, a premier mixed-use development, this lot benefits from its strategic location within a planned community designed to seamlessly integrate residential, commercial, and recreational elements. The Promenade is the only full-scale lifestyle development of its kind in Southwest Indiana and the Tri-State area, offering a vibrant and dynamic environment. This location provides access to a wide range of amenities and a strong customer base, making it an ideal site for businesses seeking high visibility and convenient access. The development features a thoughtfully planned layout incorporating parks, water features, and a downtown streetscape atmosphere, creating a sophisticated yet charming environment. Opportunities exist for various commercial ventures, including box stores, shopping centers, and other retail establishments. The high-quality construction and design of The Promenade ensure a premium setting for any business. This lot offers a rare chance to establish a presence in a rapidly growing and highly desirable area. Don't miss this chance to be part of Evansville's premier mixed-use development.

Property profile

Verified
Property type Land

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

The Promenade Evansville, IN 47713
Evansville metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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