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    National Rd Richmond, IN 47374

    Sponsored
    For Sale
    Contact for pricing

    Prime development land, 1-10 acres, I-70 access.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional commercial land offering presents a unique investment opportunity in Richmond, Indiana. Located on East National Road (US Highway 40), these prime parcels range in size from one to ten acres, providing flexibility for various development projects. The property boasts a highly desirable location, situated just a quarter-mile from Interstate 70, ensuring excellent accessibility and visibility. This strategic location benefits from proximity to a thriving commercial corridor, featuring numerous established retail businesses, hotels, and restaurants. The site is fully serviced, with existing utility and sewer infrastructure already in place, significantly reducing development costs and timelines. This ready-to-develop land is ideal for businesses seeking a high-traffic location with convenient access to major transportation routes and a strong existing commercial base. The parcels offer significant potential for a wide range of commercial ventures, making this an attractive opportunity for investors and developers alike. Wayne County's robust economy and strategic location further enhance the appeal of this exceptional property. Contact us today to learn more about this exciting development opportunity.

    Property Features for 0 National Rd

    General Information

    Property type
    Land

    HighLights

    • Prime 1‑10 acre development parcels available on E National Rd (US Hwy 40), within 0.25 miles of I‑70.
    • Excellent location with strong retail, hotel, and restaurant presence.
    • All utilities and sewer infrastructure are available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Richmond
    County
    Wayne
    State
    Indiana
    Longitude
    -84.829057656082
    Latitude
    39.832256640826

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    FAQs

    What type of property is this?
    Land - Prime development land, 1-10 acres, I-70 access.
    Where is this land located?
    The property is located at National Rd Richmond, IN.
    What are key features of this property?
    This property features: Prime 1-10 acre development parcels available on E National Rd (US Hwy 40), within 0.25 miles of I-70.; Excellent location with strong retail, hotel, and restaurant presence.; All utilities and sewer infrastructure are available.
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    Richmond, IN 47374
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    National Rd Richmond, IN 47374
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