909 Royal AveEvansville, IN 47715

Property Details for 909 Royal Ave

Lot size

0.71 AC

Property type

Commercial land

APN

82-06-24-016-129.009-027

APU

820624016129009027

Description

This exceptional 0.71-acre commercial lot, identified as Vogel Commercial Park II Lot 20, presents a compelling investment opportunity in Evansville, Indiana. Located at 909 N Royal Ave, 47715, this property boasts a highly desirable C-4 zoning designation, opening doors to a wide range of commercial development possibilities. The asking price is $49,950. Situated in a thriving retail and commercial area on Evansville's East Side, this lot benefits from excellent visibility and accessibility. A significant advantage is its proximity to a VA clinic located directly to the east, ensuring a steady flow of potential customers for various businesses. All essential utilities are readily available, simplifying the development process. The property's size and zoning make it particularly well-suited for an apartment complex, capitalizing on the area's growth and demand for housing. This is a rare chance to acquire a strategically located commercial lot in a rapidly expanding part of Evansville, offering substantial potential for future returns. Detailed site plans and zoning information are available upon request. Don't miss this opportunity to secure a prime piece of Evansville real estate.

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $10,518,400

  Retail / Commercial

  $5,488,910

  Mixed-Use / Specialty

  $5,544,310

  Hospitality / Lodging

  $4,165,300

  Office

  $5,589,470

  Institutional / Educational

  $5,790,650

  Residential Income

  $6,775,060

  Multifamily

  $7,709,980

  Automotive / Energy

  $4,963,410

  Parking / Income-Based Land

  $1,638,740

  Restaurant / Food Service

  $3,043,660

  Healthcare / Senior Housing

  $5,608,700

Location Insight

City

Evansville

County

Vanderburgh

State

Indiana

Latitude

37.9851

Longitude

-87.4816

CBSA code

21780

CBSA name

EVANSVILLE, IN-KY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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