2800 St Joseph Ave Evansville, IN 47720
This exceptional investment opportunity presents two outlot parcels, totaling 3.04 acres, situated in a high-traffic area of West Evansville, Indiana. The property boasts excellent visibility near the intersection of North Saint Joseph Avenue and West Diamond Avenue (State Route 66), experiencing over 36,000 vehicles daily. This prime location is strategically positioned within a thriving community, boasting a population exceeding 200,000 with average annual household incomes exceeding $67,000 within a 10-mile radius. The site offers significant advantages due to its proximity to established businesses and key demographics. Across the street is Parkview Care Center, a 108-bed nursing facility, and adjacent to Leisure Living, a 20-acre 55+ community. Available spaces include a 1.26-acre outlot, a 1.78-acre outlot, and building options of 20,000 and 5,000 square feet. The property is zoned for flexible use, accommodating various commercial ventures, including flex space, medical offices, and warehouse operations. This presents a unique chance to capitalize on a high-demand location with strong demographics and established neighboring businesses. The property's versatility and strategic positioning make it an ideal investment for developers and businesses seeking a prominent presence in a growing market.
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.