Charlestown Square on the Lake

Highlights:

• Versatile C-4 zoning for diverse investment opportunities
• Scenic lake views offering potential for upscale development
• Proximity to essential amenities for tenant convenience
• Potential for high-demand multifamily investment in growing market
• Favorable location within Evansville IN / Henderson KY MSA
• Ample space for multifamily development with potential for high returns
• Strong investment potential in rapidly developing area
• Desirable location for land or multifamily investment opportunities

Description:

This property presents a fantastic development opportunity for multifamily, light industrial or office development. Consisting of 11 platted lots in the Charlestown Square on the Lake, this property offers 9.41 AC of dry land, and 17.88 AC including the lake acreage.

Boasting versatile C-4 zoning, this prime real estate presents a wealth of investment opportunities, including the potential for high-demand multifamily development in a growing market. The property's scenic lake views provide an idyllic setting for upscale development, while its proximity to essential amenities ensures tenant convenience.

The majority of the land surrounding the adjoining lake is occupied by Lakeshore Apartment Homes, a Class A property built in 2004. Nearby land is developed with a mix of offices, light industrial, hospitality, and medical users. Deaconess Gateway Hospital and St Vincent Epworth Crossing have major campuses nearby. This area has been a hotbed of development activity thanks to the Warrick Trail TIFF district allowing financial incentives for developers of medical projects.

North East corner of I-69 SR-66 interchange just inside Vanderburgh County on the border with Warrick County. This area is one of the faster growing commercial corridors in the region with healthcare, multifamily and retail being major users.

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