824 N Royal Ave, Evansville, IN, 47715

824 N Royal Ave Evansville, IN 47715

824 N Royal Ave, Evansville, IN, 47715
824 N Royal Ave, Evansville, IN, 47715
FOR SALE
Property Type:
Commercial Land Development
Amount:
$99,900
Last Verified:
Oct 06, 2024

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Highlights

  • Zoned C-4 General Commercial
  • Convenient location
  • Ideal for retail, office, or mixed-use development
  • High visibility and traffic count
  • Prime opportunity for commercial investment
  • Proximity to major highways and transportation routes

Description

PRICE REDUCED - Two adjoining lots totaling 1.42-acres along Royal Avenue, situated between Virginia Street and Vogel Road on Evansville's vibrant east side. This land, available for sale or possible build-to-suit, resides within Ryan Commercial Park Sec 2. With a level topography and readily accessible utilities, it offers a prime location for development.

Royal Avenue, acting as a pivotal connector between East Virginia Street and Vogel Road, is surrounded by notable establishments such as the ONB Operation Center, Richmond Park Apartments, and Metro Sports. High traffic volumes on Virginia (9688 ADT) and Vogel (6432 AADT) highlight the area's commercial significance. Positioned at the convergence of Green River Road and Burkhardt Road, this site promises exceptional visibility and accessibility for prospective ventures.

Royal Avenue is located between, and runs parallel to, Green River Road and Burkhardt Road on Evansville's busy east side. The surrounding area is home to a mix of multifamily, light industrial, and dense retail.

Lot Size: 1.42 acres


Documents

Flyer - 824 N Royal

Map of 824 N Royal Ave, Evansville, IN, 47715

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.