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Property profile & analytics
OFF-MARKET
Land

0 The Promende - Section 7 Evansville, IN 47715

1.77 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 1.77-acre commercial land parcel presents a unique investment opportunity within The Promenade, a thriving mixed-use development in Evansville, Indiana (zip code 47715). Situated in Section 7, Lot 16, this property enjoys a high-visibility location adjacent to Fresh Thyme and Drake's, benefiting from the significant foot traffic and established clientele of this premier shopping destination. The Promenade itself is a meticulously planned, full-scale lifestyle development, unlike any other in Southwest Indiana and the Tri-State area. It seamlessly blends high-quality residential living, hospitality options, and exceptional shopping and dining experiences, creating a vibrant and desirable community. The development's thoughtful design incorporates recreational amenities, lush landscaping, parks, water features, and a charming streetscape, offering a sophisticated yet welcoming atmosphere. This 1.77-acre lot is ideally suited for a variety of commercial uses, capitalizing on the high-end, live-work-play environment and the strong demand for retail and commercial space within this rapidly growing area. The asking price is $694,000. This represents a rare chance to acquire a highly desirable commercial lot in a premier location within a successful and expanding mixed-use development. Don't miss this opportunity to be part of The Promenade's continued success.

Property profile
Verified
Property type Land
Lot 1.77 ac (77,101 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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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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