Property profile

0 The Promenade Sec 7 Evansville, IN 47713

OFF-MARKET
Retail properties & Spaces
59,242 SF 1.36 ac lot
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Retail properties & Spaces
Total area 59,242 SF
Lot 1.36 ac (59,242 SF)

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 Sec 7 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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