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Property profile & analytics
OFF-MARKET
Land

0 The Promenade - Section 7 Evansville, IN 47715

1.12 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 1.12-acre commercial land parcel presents a unique investment opportunity in Evansville, Indiana. Situated in the highly desirable Promenade development, Section 7 Lot 13, this property boasts a prime location on Vogel Road, directly across from Fresh Thyme. The Promenade is a premier, planned mixed-use development, the only one of its kind in Southwest Indiana and the Tri-State area. This development offers a vibrant blend of residential, commercial, and recreational amenities, creating a thriving live-work-play environment. The site is part of a larger project featuring Costco outlots and various box and shopping center sites, ensuring high visibility and accessibility. The development's high-quality design and construction, combined with its strategic location, promise significant long-term value. The Promenade's thoughtful design incorporates lush landscaping, parks, water features, and a downtown streetscape atmosphere, creating a sophisticated yet charming environment. This 1.12-acre lot offers a wide range of development possibilities, making it an ideal investment for discerning buyers seeking a prime location within a thriving mixed-use community. The asking price for this exceptional property is $512,300. The property is located in Vanderburgh County, Indiana, with a zip code of 47715.

Property profile
Verified
Property type Land
Lot 1.12 ac (48,787 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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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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