Charlestown Square on the Lake
Land | 5.21 acres
Marketing description
Only 3 lots remaining in Charlestown Square on the Lake! This property presents a fantastic development opportunity for multifamily, light industrial or office development. Three remaining lots include 2.39 AC of dry land, 5.21 AC with 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.
Investment 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
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