Commercial Land w/ House

Vacant Land for Sale
Catylist Listing ID: 30754768
Property Subtypes: Multi-Family, Office, Residential (Single Family), Retail
Gross Land Area: 10.56 Acres
Sale Price: $597,000
Unit Price: $56,534 Per Acre
Adjacent Parcels Available: Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/16/2023

Overview / Comments

Commercial land located on Red Bank Road, just north of the Lloyd Expressway on Evansville’s desirable west side. The subject property contains three tracts of development land with rolling topography, a pond and a brick house.

-Situated in the heart of Evansville’s west side retail district with direct exposure to Red Bank Road, just north of the Lloyd Expressway and University Drive
-Consumer base extends to Mt. Vernon, IN and into Southern Illinois
-House is currently rented for $1,200/mo. with short-term lease in place

Additional Details

Nearest MSA: Evansville
County: Vanderburgh
Taxing Authority: Vanderburgh County
Tax ID/APN: 05-100-07-261-009
Zoning: C-4
Property Located Between: Lloyd Expressway and Hogue Rd
Property Visibility: Good
Largest Nearby Street: Lloyd Expressway
Traffic/Vehicle Count: 28,509
Topography: Rolling

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,730 32,455 84,843
Median Age: 33.26 36.31 38.02
Households: 3,118 12,984 34,356
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