0 Commerce Rd Richmond, IN 47374

Listing office Oldacre Mcdonald LLC

Listing date Apr 28, 2023

Source Crexi

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Investment Insights

Based on property information with market context.

This 3.64-acre parking lot carve-out is available for sale, ground lease, or build-to-suit. Ideally located just off I-70, it experiences high traffic volume with over 36,000 cars per day, and Highway 40 sees an additional 18,000+ cars daily. The site is well-suited for various developments, including a hotel, retail space, restaurant, or self-storage facility. It is in close proximity to McDonalds, Hampton Inn, Holiday Inn Express, Home2 Suites, Culver's, IHOP, Lowe's, Cracker Barrel, and UHAUL. The site features two driveway cuts onto Commerce Road, situated on either side of a Wings & Rings Restaurant. Located directly across the street from the Hampton Inn, which is reported to have the highest traffic in town, according to Placer.ai. Zoned Highway Commercial, the site permits a wide range of uses by right, including hotel, retail, restaurant, bar, and automobile-oriented businesses. Richmond, Indiana, situated on the Indiana-Ohio border between Indianapolis and Dayton, has a population of over 35,000 residents and serves as the principal city of the Richmond-Connersville CSA, with over 88,000 residents.

Key Highlights

• 3. 64‑acre site suitable for hotel, retail, restaurant, or self‑storage development.
• Excellent visibility and accessibility just off I‑70 with high traffic counts.
• Located in close proximity to established businesses.

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FAQs

What type of property is this?

Commercial land - Prime commercial land near I-70, suitable for various developments.

Where is this commercial land located?

The property is located at 0 Commerce Rd Richmond, IN.

What are key features of this property?

This property features: 3. 64‑acre site suitable for hotel, retail, restaurant, or self‑storage development.; Excellent visibility and accessibility just off I‑70 with high traffic counts.; Located in close proximity to established businesses.