8950 High Pointe Dr Newburgh, IN 47630
For Sale
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This exceptional commercial land offering presents a unique investment opportunity in the affluent Newburgh, Indiana suburb, situated within the Evansville MSA. The property, encompassing 2 to 5.12 acres, is ideally located at 8950 High Pointe Dr, Newburgh, IN 47630, and boasts high visibility along State Road 66, experiencing over 40,000 vehicles daily. The site benefits from a strong shadow anchor presence, including Walmart, Deaconess Hospital, and a future Meijer, ensuring substantial foot traffic and consumer draw. This prime location is already home to a diverse range of established businesses such as McAlister's Deli, a proposed Culver's, Burger King, Penn Station, and Popeye's, creating a vibrant and thriving commercial environment. The property is available for sale, ground lease, or build-to-suit arrangements, providing flexibility to suit various development plans. This presents a rare chance to establish a presence in a high-growth area with exceptional accessibility and strong surrounding businesses. The asking price is $850,000.
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
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.