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    1603 Nat'l Rd Richmond, IN 47374

    Sponsored
    For Sale
    $750,000

    Build-to-suit opportunity, prime location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional commercial land offering in Richmond, Indiana presents a unique build-to-suit opportunity. Located on the south side of US Highway 40 (National Road West), this property comprises three contiguous lots extending from SW 16th Street to SW 17th Street. The site benefits from exceptionally high traffic volume due to its prominent location on a major thoroughfare, further enhanced by a traffic signal. This prime location offers excellent visibility and accessibility for businesses seeking high customer traffic. The property's strategic placement is underscored by its proximity to established businesses, including a Dairy Queen across the street and an AutoZone immediately adjacent. Furthermore, it's just one block away from the largest west-side strip mall, known for its high occupancy rates. This makes it an ideal location for a high-grossing retailer or other commercial enterprise. The asking price for this build-to-suit opportunity is $750,000. The property is zoned for commercial use and offers significant potential for development. Contact us today to learn more about this exceptional investment opportunity in a thriving commercial corridor. The address is 1603 National Road West, Richmond, IN 47374.

    Property Features for 1603 Nat'l Rd

    General Information

    Property type
    Land

    HighLights

    • Build‑to‑suit opportunity on three contiguous lots.
    • High‑traffic commercial location on US Highway 40 (National Rd West), between SW 16th & SW 17th Streets.
    • Excellent visibility and access; signalized intersection.
    • Strong retail location near Dairy Queen, AutoZone, and a major strip mall.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Richmond
    County
    Wayne
    State
    Indiana
    Longitude
    -84.9251846
    Latitude
    39.824973

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    FAQs

    What type of property is this?
    Land - Build-to-suit opportunity, prime location.
    Where is this land located?
    The property is located at 1603 Nat'l Rd Richmond, IN.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: Build-to-suit opportunity on three contiguous lots.; High-traffic commercial location on US Highway 40 (National Rd West), between SW 16th & SW 17th Streets.; Excellent visibility and access; signalized intersection.
    Request Owner's contact information
    1603 Nat'l Rd 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
    1603 Nat'l Rd Richmond, IN 47374
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