Development Acreage - Epworth Road Corridor / #1550

Vacant Land for Sale
Sale Pending
Catylist Listing ID: 30807829
Property Subtypes: Hospitality, Multi-Family, Office, Retail, Other
Status: Pending
Gross Land Area: 72 Acres
Sale Price: $125,000 Per Acre
Total Price: $9,000,000
Land Splits Available: Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 12/4/2023

Overview / Comments

* Adjacent to Ascension-St. Vincent/Tri-State Orthopedic Hospital

* Located in the Deaconess Gateway medical area (Warrick Wellness Trail) exploiting tremendous growth - Epworth Road and Warrick Wellness Trail is the areas premier medical corridor

* Strategically located along the I-69/SR 66 exit ramp, showcased as Evansville’s gateway intersection

* Utilities available

* Possible incentives available through Warrick County, IN

Additional Details

Nearest MSA: Evansville
County: Warrick
Taxing Authority: Warrick County
Tax ID/APN: 87-12-20-200-006.000-019; 87-12-20-200-003.000-019
Zoning: C-4
Property Located Between: Oak Grove Road & Warrick Trail/Stahl Road
Property Visibility: Excellent
Largest Nearby Street: SR 66
Feet of Frontage: 2,575
Highway Access: SR 66; I-69
Airports: Evansville Regional Airport
Site Description: There are 2 parcels. The largest parcel is ± 72 acres and is located along the southeast corner of Epworth Road/Oak Grove Road. The other parcel contains ± 18 acres and is located along the west side of Epworth Road.
Area Description: This area is the fastest growing area in the Evansville MSA. The area is becoming a large medical corridor due to the presence of Deaconess Gateway Hospital and Ascension-St. Vincent's various practices, which are creating many supplemental hospitality, office, retail and multi-family developments.
Lot Frontage: 2575
Lot Depth: 1250
In Flood Plain?: Yes
Topography: Level
Easements: Utilities
Easements Description: Seller is currently negotiating a water line easement with the local water utility company along the south side of the property east of Epworth Road.
Available Utilities: Electric, Water, Gas, Sewer
Water Service: Municipal
Sewer Type: Municipal

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,047 46,454 96,385
Median Age: 28.67 39.6 39.12
Households: 588 19,995 40,713


Photograph of Listing Agent

Chris Jackson, CCIM, SIOR

Woodward Commercial Realty, Inc. ICREX Member
© Copyright 2001-2023 Moody's. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Indiana Commercial Board of REALTORS® nor Moody's assume any liability for errors or omissions.