Development Acreage - Epworth Road Corridor / #1558

Vacant Land for Sale
Catylist Listing ID: 30856590
Property Subtypes: Hospitality, Industrial, Multi-Family, Office, Retail, Retail-Pad, Self Storage, Other
Gross Land Area: 18 Acres
Sale Price: $140,000 Per Acre
Total Price: $2,520,000
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 12/1/2023

Overview / Comments

* 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

*Single-Family dwelling on the property is currently being rented

* Utilities available

* Possible incentives available through Warrick County, IN

* +/- 72 acres across the street on east side of Epworth Road (between Oak Grove Road/Stahl Road is currently under contract

Additional Details

Nearest MSA: Evansville
County: Warrick
Taxing Authority: Warrick County
Tax ID/APN: 87-12-20-200-006.000-019
Property Located Between: Oak Grove Road & Warrick Trail/Stahl Road
Property Visibility: Excellent
Largest Nearby Street: SR 66
Feet of Frontage: 660
Highway Access: SR 66; I-69
Airports: Evansville Regional Airport
Site Description: ± 18 acres and is located along the west side of Epworth Road. Currently under contract is ± 72 acres directly across the street to the east located along the southeast corner of Epworth Road/Oak Grove 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: 660
Lot Depth: 1260
Zoning Description: Zoning Map shows property is C-4, with the exception of the residential dwelling.
In Flood Plain?: Yes
Topography: Level
Easements: Water Rights, Utilities
Easements Description: Utilities along Epworth Road. There is a legal ditch located along the rear (west) of the property.
Available Utilities: Electric, Water, Gas, Sewer
Water Service: Municipal
Sewer Type: Municipal

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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
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