Exceptional Investment Opportunity 428 NW 3rd St, Evansville, IN 47708

JUST LISTED

Downtown Evansville opportunity! This prime .94-acre lot at 428 NW 3rd Street offers a rare chance to build your portfolio in a thriving urban center.

Why Invest in This Property?

• Prime Location: Situated in Evansville’s bustling downtown district, this lot offers unparalleled proximity to major attractions, businesses, and amenities, ensuring consistent demand for whatever development you choose.
• Flexible Development Potential: An ideal location for commercial space(s) that capitalize on the growing downtown market.
• High Traffic & Visibility: The property is strategically located on a well-traveled street with steady pedestrian and vehicular activity—key factors for driving value in retail, hospitality, or residential developments.
• Zone as General Commercial (C-4) District

Market Highlights:

Downtown Evansville is experiencing a surge of growth and investment, making now the perfect time to stake your claim in this rapidly developing area.

• Economic Development: Recent and ongoing revitalization projects have injected significant momentum into downtown Evansville, attracting businesses, residents, and tourists.
• Proximity to Key Assets: The lot is located near high-demand attractions like the Ford Center, Tropicana Evansville, and the Old National Events Plaza, offering unique advantages for businesses or tenants seeking connectivity and convenience.
• Strong Demand for Urban Living: As urbanization trends continue, the demand for downtown housing and amenities in Evansville is on the rise, presenting opportunities for residential or mixed-use developers.
• Tax Incentives and Support: Investors may benefit from local and state incentives aimed at encouraging development in the downtown area, boosting profitability.

Investment Advantages:

1. Proven Growth Trajectory: Downtown Evansville has demonstrated steady economic and cultural revitalization, ensuring long-term value for your investment.
2. Versatility for Development: The lot’s size and zoning offer the flexibility to create high-return projects tailored to market demand.
3. High ROI Potential: Whether developed for retail, office, or residential purposes, this property is primed for maximum returns in a market with increasing demand and limited supply.

Seize the Opportunity:

In real estate, timing is everything—and now is the time to invest in downtown Evansville. With its ideal location, promising market conditions, and strategic growth potential, 428 NW 3rd St offers the foundation for a project that will yield significant returns for years to come.

Don’t miss out—secure this rare investment opportunity today! Contact us to discuss this property’s potential and explore how it can align with your financial goals.

OFFERED at $450,000

FOR SALE: VERSATILE POSEY COUNTY COMMERCIAL PROPERTY ON 10± ACRES – UPDATED OFFICE/RESIDENCE + FLEX SPACE

JUST LISTED

This unique commercial offering combines functionality, flexibility, and modern updates on 10± acres, ideally suited for a variety of business or residential uses.

The centerpiece of the property is a fully updated brick office/residence offering over 3,200 square feet of flexible space, including 10 private offices, a kitchen, break room, 2 full bathrooms, 2 half bathrooms, and 2 decks for added comfort and accessibility. A 1-car attached garage adds convenience and storage.

The property is zoned M-2 Industrial, offering excellent utility for light industrial, warehousing, service businesses, or potential live/work setups. Recent improvements include a brand-new HVAC system, spray foam insulation, and modernized finishes throughout.

Also on site is a 30' x 80' pole barn building featuring 14' clear height, 6" concrete flooring, and 2-phase electric and a mezzanine with storage—ideal for equipment storage, workshop, or production needs. The grounds include gravel drives and parking areas, and there’s potential for a lake site, adding both value and appeal.

Key Features:

• 10± acres with development and expansion potential
• 3,200+ SF updated office/residence with flexible layout
• Zoned M-2 (Industrial)
• Pole Barn Outbuilding: 30' x 80' with 14' clear height and a mezzanine for storage
• 6" concrete floor & 2-phase power
• Gravel drives and parking
• Ideal for mixed-use, live/work, business operations

This property presents an excellent opportunity for businesses seeking a combination of industrial utility and professional office space in a peaceful yet accessible setting.

OFFERED AT $550,000