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    539 Eaton Pike Richmond, IN 47374

    For Sale
    $834,500

    High-traffic location, 2.41 acres, $834,500

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 2.41-acre commercial land parcel presents a significant investment opportunity in Richmond, Indiana. Strategically located along the heavily trafficked Interstate 70 and US Highway 40 (E National Road), this property offers unparalleled visibility and accessibility. The asking price for this single parcel is $834,500. The property's location within Wayne County ensures convenient access to a robust regional market. Its size provides ample space for a variety of commercial developments, catering to businesses seeking high-profile exposure. This is a prime location for businesses seeking to capitalize on the significant daily traffic volume along these major transportation arteries. Note that an adjacent 2.46-acre parcel is also available for $738,000, offering the potential for a larger acquisition of 4.87 acres for a combined price of $1,414,600. The property's address is 539 W Eaton Pike, Richmond, IN 47374. This is a rare opportunity to secure a substantial commercial land holding in a high-demand area. The property is ready for development, presenting a blank canvas for ambitious commercial ventures. Serious inquiries are encouraged.

    Property Features for 539 Eaton Pike

    General Information

    Property type
    Land
    Lot Size
    104,980 SF

    HighLights

    • 2.41‑acre commercial land parcel for sale at $834,500 in Richmond, IN.
    • High‑visibility location on I‑70 and US Hwy 40 (E National Road).
    • Adjacent 2.46‑acre parcel also available for $738,000; combined purchase price for both parcels is $1,414,600.
    • Property address: 539 W Eaton Pike, Richmond, IN 47374.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Building Supply Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Clothing Store Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Wayne
    State
    Indiana
    Longitude
    -84.82090113484
    Latitude
    39.831283364674

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    FAQs

    What type of property is this?
    Land - High-traffic location, 2.41 acres, $834,500
    Where is this land located?
    The property is located at 539 Eaton Pike Richmond, IN.
    What is the asking price?
    The asking price for this property is $834,500.
    What are key features of this property?
    This property features: 2.41-acre commercial land parcel for sale at $834,500 in Richmond, IN.; High-visibility location on I-70 and US Hwy 40 (E National Road).; Adjacent 2.46-acre parcel also available for $738,000; combined purchase price for both parcels is $1,414,600.
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    539 Eaton Pike Richmond, IN 47374
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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
    539 Eaton Pike Richmond, IN 47374
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