1012 Virginia St Evansville, IN 47711
This exceptional .7-acre commercial property, located at 1012 E Virginia St in Evansville, Indiana, presents a unique investment opportunity. Situated in a thriving industrial corridor, this parcel benefits from its proximity to major transportation arteries, including Highway 41 and the Lloyd Expressway, ensuring excellent accessibility and visibility. Currently utilized as a parking lot, the land is partially fenced, offering a degree of security and potentially reducing initial site preparation costs. The property is zoned C-4, opening up a wide range of potential commercial uses. With a total asking price of $90,000, this translates to a land value of $128,571 per acre, representing a compelling price point for investors seeking a strategic foothold in Evansville's dynamic industrial sector. The 47711 zip code further underscores the property's location within a well-established and rapidly developing area. This is an excellent opportunity for developers or businesses seeking a strategically located parcel in Vanderburgh County. The property's size and zoning make it suitable for a variety of commercial ventures. Serious inquiries are encouraged.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
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.