1232 Cross Pointe Blvd Evansville, IN 47715
This exceptional 1.21-acre commercial land parcel, located at 1232 Cross Pointe in Evansville, Indiana (zip code 47715), presents a unique investment opportunity. Situated within The Promenade, a vibrant mixed-use development in Vanderburgh County, this lot offers unparalleled visibility and accessibility. The property boasts a total area of 52,708 square feet and is zoned C-4 & C-2, allowing for a wide range of commercial uses. Its strategic location within The Promenade, a planned, full-scale lifestyle development, ensures high traffic and exposure. The Promenade is the only mixed-use development of its kind in Southwest Indiana and the Tri-State area, combining residential, hospitality, shopping, and dining options in a sophisticated yet charming setting. The development incorporates recreational venues, landscaping, parks, and water features, creating a desirable environment for businesses and customers alike. This outlot is ideally positioned near a Costco, providing significant advantages for businesses seeking high foot traffic and brand synergy. The asking price is $949,000, translating to $773,239 per acre. This represents a compelling investment opportunity in a rapidly growing area. The property's size and zoning provide flexibility for various commercial ventures, making it an attractive option for developers and investors seeking a high-quality location within a thriving community.
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.
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.