0 The Promenade Sec 7, Evansville, IN 47713
This exceptional 1.36-acre commercial lot, located in Evansville, Indiana's premier mixed-use development, The Promenade, presents a unique investment opportunity. Zoned C-4 & C-2, this 59,242 square foot parcel offers flexibility for various retail uses. Situated along Vogel Road, it benefits from high visibility and accessibility within a thriving, planned community that seamlessly blends residential, commercial, and recreational amenities. The Promenade is Southwest Indiana's only full-scale lifestyle development, boasting a high-end design incorporating parks, water features, and a vibrant streetscape. This lot is priced at $662,100, or $11.18 per square foot, representing a land value of $621,527 per acre. The development offers a range of available site sizes and caters to various commercial needs, including box stores and shopping centers. This is a chance to be part of a dynamic, high-quality, live-work-play environment, attracting a substantial customer base. The property's location within The Promenade ensures strong potential for return on investment. The site is ideally positioned to capitalize on the significant growth and development within the area. Broker co-op is available.
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
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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.