Land for Residential Development

Vacant Land for Sale
Catylist Listing ID: 30380819
Property Subtypes: Agricultural, Multi-Family, Residential (Single Family), Vacation/Resort, Other
Gross Land Area: 47.30 Acres
Sale Price: $1,041,480
Unit Price: $22,018 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/29/2019

Overview / Comments

This property has been home to Turner Stables for the past 20 years and the owners are ready to retire. The 47+ acres are mostly level with some gentle slopes and a stocked pond. It is well suited for a residential development. This property offers the feel of "country living" with a convenient location near the north end of Green River Road. It has easy access to a variety of dining, shopping and entertainment. Electric, city water & sewer are on the property (no gas). Gas is available along Petersburg Rd.

This property is also available as a horse training/boarding business. The main barn has 27 stalls, wash rack with stocks, 2 tack rooms, a viewing room, rest room, feed room, grain auger and office. Attached is an 80 x 160 indoor arena with sand/dirt base. There are 2 outdoor riding arenas: 125 x 250 and 150 x 300. There are 3 large fenced pastures with loafing sheds and 4 additional paddocks for turn out, with 3-sided sheds each. The other pole barn has 13 additional stalls, a hay loft, shavings bin and equipment storage. The third building is a 4,000sf house with 5 bedrooms, 4.5 bathrooms, 2 full kitchens, 2-car garage and large attic storage.

Either way, this is a "must see" opportunity. Check out this drone video of the property:

Additional Details

Nearest MSA: Evansville
County: Vanderburgh
Tax ID/APN: 82-04-11-009-073.002-030
Property Located Between: Petersburg Rd. near North Green River Rd.
Property Visibility: Good
Largest Nearby Street: North Green River Rd.
Feet of Frontage: 80
Airports: Evansville/Vanderburgh REgional Airport
Site Description: Gently sloping & mostly agricultural
Area Description: On Petersburg Road on the North side of Evansville, IN in a quiet rural setting. This is an area that is very desirable due to its proximity to good schools, yet without the busy city traffic. The property is conveniently located within a short drive to shopping, restaurants, entertainment and the Evansville/Vanderburgh Regional Airport.
Lot Frontage: 80
Zoning Description: Ag
Topography: Rolling
Available Utilities: Electric, Water, Sewer, Cable
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,379 12,605 35,140
Median Age: 32.53 37.92 40.58
Households: 914 4,661 13,329


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