Property profile

601 Metro Ave Evansville, IN 47715

OFF-MARKET
Commercial land
Property ID
US31-3240365
1.08 ac lot
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 1.08-acre lot, located at 601 Metro Ave in Evansville, Indiana (zip code 47715), presents a unique opportunity for commercial or light industrial development. Situated in Vanderburgh County, this property boasts a highly desirable C-4 zoning designation, offering flexibility for a wide range of uses. The land itself is flat and level, significantly reducing site preparation costs and expediting the construction process. All essential utilities are conveniently located on-site, eliminating the need for extensive infrastructure development. This ready-to-build lot represents a significant advantage for developers seeking a streamlined and cost-effective project launch. The asking price for this prime piece of real estate is $169,000. Its convenient location in Evansville, Indiana, offers excellent access to transportation networks and a thriving local economy. The property's size and zoning make it ideal for a variety of commercial and light industrial ventures, providing a strong return on investment for the discerning buyer. Don't miss this chance to acquire a highly versatile and strategically located property in a growing market.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 1.08 ac (47,045 SF)
APN 82-06-24-014-185.001-027
UPID US31-3240365

Cap rate & NOI

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

Location

601 Metro Ave Evansville, IN 47715-2878
Evansville metro Census 10101 EVANSVILLE, IN-KY METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$225k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$225k

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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