47 acres ideal for Residential Development

14201 Petersburg Rd., Evansville, Indiana 47725

  • Property Subtypes Agricultural
  • Gross Building Area 28,736 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 for the past 20 years and the owners are ready to retire. The 47+ acres are mostly level with some gentle slopes and a stocked pond. It is well suited for a residential development. This property offers the feel of "country living" with a convenient location near the north end of Green River Road. It has easy access to a variety of dining, shopping and entertainment. Electric, city water & sewer are on the property (no gas). Gas is available along Petersburg Rd. This property is also available as a horse training/boarding business. The main barn has 27 stalls, wash rack with stocks, 2 tack rooms, a viewing room, rest room, feed room, grain auger and office. Attached is an 80 x 160 indoor arena with sand/dirt base. There are 2 outdoor riding arenas: 125 x 250 and 150 x 300. There are 3 large fenced pastures with loafing sheds and 4 additional paddocks for turn out, with 3-sided sheds each. The other pole barn has 13 additional stalls, a hay loft, shavings bin and equipment storage. The third building is a 4,000sf house with 5 bedrooms, 4.5 bathrooms, 2 full kitchens, 2-car garage and large attic storage. Check out this drone video of the property: https://on.frame.io/lhMjxTEt

Agent Notes

Property could be split: If a buyer with an interest in the horse stables operation wished to buy 10 acres on which to continue that business; then, the remaining 37 acres could be sold for residential development.

Additional Details

  • Tax ID/APN 82-04-11-009-073.002-030
  • Zoning Ag
  • Property Visibility Fair
  • Tax Auth Vanderburgh County, IN