Technical
Financial
Distress signals
Property profile

2500 North 1St Ave Evansville, IN 47710

FOR LEASE
Grocery and convenience stores
Property ID
US31-3175814
42,116 SF 10 ac lot Built 2015
Entity Owned Free & Clear
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2500 North 1St Ave, Evansville, IN 47710 For Lease
$4,480,000
2500 North 1St Ave, Evansville, IN 47710
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Property summary

AI-generated overview

This 1.33-acre commercial land parcel presents a rare investment opportunity. Situated on a hard corner outparcel of a busy Walmart Neighborhood Market in Evansville, Indiana, this property boasts exceptional visibility and accessibility. The location is high-density, with over 60,000 people residing within a three-mile radius. The high-traffic intersection of First and West Diamond Avenues sees over 40,000 vehicles per day, further enhancing its commercial potential. A signalized entry ensures convenient access for customers and employees. The property's strategic location places it near numerous national restaurants and retailers, including Long John Silver's, Popeye's, Wendy's, McDonald's, Dollar Tree, Save A Lot, and Target, creating a vibrant and established commercial environment. The property is zoned for commercial use (verification required) and offers significant development potential for a variety of businesses seeking high visibility and convenient access to a large customer base. The address is 2500 N First Ave, Evansville, IN 47710, in Vanderburgh County. This exceptional location and high traffic count make this a prime opportunity for investors and developers seeking a strong return on investment.

Property profile

Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Year built 2015
Construction TYPE NOT SPECIFIED
Total area 42,116 SF
Lot 10 ac (435,731 SF)
APN 82-06-18-034-413.001-020
UPID US31-3175814

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Electronics Vending Machine Atm
  • Pharmacy
  • Grocery & Convenience Store Food Market
  • Bank Credit Union
  • Electrical Service General Contractor

Location

2500 North 1St Ave Evansville, IN 47710
Evansville metro Census 3300 EVANSVILLE, IN-KY METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$4.37M
Blend (final) Blend
$4.48M

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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