2800 St Joseph Ave Evansville, IN 47720
This exceptional retail investment opportunity in Evansville, Indiana, presents co-tenancy and outlot spaces adjacent to a thriving Rural King store. Located at 2800 N St Joseph Ave, 47720, this property boasts a prime location near the intersection of North Saint Joseph Avenue and West Diamond Avenue (State Route 66), experiencing nearly 40,000 vehicles daily. The site offers a total of 25,000 square feet of vacant retail space, divisible into units as small as 5,000 square feet, with a maximum contiguous space of 20,000 square feet. Two outlots are available, measuring 1.26 acres and 1.78 acres respectively, providing flexibility for various development options. The property sits on a 3.04-acre lot within Vanderburgh County, benefiting from a strong demographic profile. Within a 10-mile radius, the population exceeds 117,000, with an average annual income of $62,000. Strategic adjacency to Parkview Care Center, a 108-bed nursing facility, and Leisure Living, a 20-acre 55+ community, further enhances the property's appeal and potential for sustained success. This is an ideal opportunity for businesses seeking high visibility and strong consumer traffic in a rapidly growing area.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.