Land for Residential Development

14201 Petersburg Rd., Evansville, Indiana 47725

  • Property Subtypes Agricultural , Residential (Single Family , Vacation/Resort
  • Gross Building Area 27,576 SF
  • Sale Price $1,041,480.00 Total
  • Class of Space N/A
  • Total Land Size 47.34 Acres
  • Sale Terms Cash to Seller
  • Cap Rate Undisclosed
  • Last Updated 1/8/2020
  • Status expired

Overview / Comments

This property has been home to Turner Stables since 1998; however, the owners wish to retire. The 47+ acres are relatively level with a gentle slope. It is well suited for a residential development. It offers the fell of "country living" with a convenient location near the north end of Green River Road, making it only a short drive to a variety of dining, shopping and entertainment options. Water, sewer & Electric are on the property (no gas). Gas is available along the south side of Petersburg Road. This property is also offered as a horse stable business. There are 3 metal buildings on the property. The large main building houses 27 stalls, wash racks, 2 tack rooms, a rest room, feed room & office; plus, an 80x160 indoor arena. They have 2 outdoor riding arenas: 125x250 & 150x300. The 2nd pole barn has 13 additional stalls, a hayloft and storage for additional equipment. There are 4 paddocks with shelter & 3 pastures. The third building is a 4,000sf residence with an "in-law suite." There are 5 bedrooms, 4.5 bathrooms, 2 full kitchens & a 2-car garage. There is also a stocked pond on the property.

Additional Details

  • Tax ID/APN 82-04-11-009-073.002-030
  • Zoning Ag
  • Property Visibility Fair
  • Tax Auth Vanderburgh County
  • Zoning Description Zoned Ag, this 47.34 acre property would be ideal for an up-scale residential development

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