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4100 Covert Ave - Evansville Specialty Hospital 77,000 SF Health Care Building Offered For Sale in Evansville, IN 47714
Investment Highlights
- Purpose-built medical facility totaling 77,000 SF on 9.21 acres.
- 43 semi-private rooms with capacity for 80+ beds under dual occupancy configuration.
- Zoning (R-4) and a conditional hospital permit provide flexibility for adaptive reuse strategies.
- Existing infrastructure supports a variety of healthcare and residential treatment uses.
- Positioned in Evansville, the economic hub of Southern Indiana with a concentrated healthcare workforce.
- Minutes from major roadways and hospital networks, ensuring convenient regional access.
Executive Summary
4100 Covert Avenue offers a unique acquisition opportunity for healthcare operators and investors seeking a large-scale facility in Evansville, Indiana’s growing healthcare market. This 77,000 SF property, situated on over 9 acres, was originally developed as a specialty hospital and remains well suited for conversion into a wide array of inpatient or residential treatment uses. Featuring 43 semi-private rooms (totaling approximately 80 beds under dual occupancy) and 175 parking spaces, the property provides substantial capacity to serve behavioral health, substance use disorder programs, adolescent care, or other medical services.
The Evansville market is the largest metro in Southern Indiana and benefits from a robust healthcare base, cultural amenities, and a strategic central location with strong connectivity across the Midwest. The property’s R-4 zoning with a conditional hospital use permit further enables redevelopment flexibility, from mental health residential facilities to community health programs. Proximity to major highways, referral networks, and healthcare employment clusters enhances its value as a turnkey platform for patient care solutions.
The Evansville market is the largest metro in Southern Indiana and benefits from a robust healthcare base, cultural amenities, and a strategic central location with strong connectivity across the Midwest. The property’s R-4 zoning with a conditional hospital use permit further enables redevelopment flexibility, from mental health residential facilities to community health programs. Proximity to major highways, referral networks, and healthcare employment clusters enhances its value as a turnkey platform for patient care solutions.
Property Facts
| Sale Type | Investment or Owner User | Building Size | 77,000 SF |
| Property Type | Health Care | No. Beds | 80 |
| Property Subtype | Rehabilitation Center | No. Stories | 1 |
| Building Class | B | Year Built | 1989 |
| Lot Size | 10.00 AC | Parking Ratio | 2.26/1,000 SF |
| Zoning | PUD | ||
| Sale Type | Investment or Owner User |
| Property Type | Health Care |
| Property Subtype | Rehabilitation Center |
| Building Class | B |
| Lot Size | 10.00 AC |
| Building Size | 77,000 SF |
| No. Beds | 80 |
| No. Stories | 1 |
| Year Built | 1989 |
| Parking Ratio | 2.26/1,000 SF |
| Zoning | PUD |
Amenities
- Wheelchair Accessible
Room Mix Information
| Description | No. Beds |
|---|---|
| - | 80 |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 82-06-35-017-125.012-027 | Improvements Assessment | $5,240,879 CAD |
| Land Assessment | $1,330,772 CAD | Total Assessment | $6,571,651 CAD |
Property Taxes
Parcel Number
82-06-35-017-125.012-027
Land Assessment
$1,330,772 CAD
Improvements Assessment
$5,240,879 CAD
Total Assessment
$6,571,651 CAD
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4100 Covert Ave - Evansville Specialty Hospital
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