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    Richmond, IN 47374

    Sponsored
    For Sale
    $738,000

    High-traffic location, prime commercial acreage.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 2.46-acre commercial land parcel presents a remarkable investment opportunity in Richmond, Indiana. Strategically situated along the heavily trafficked Interstate 70 and US Highway 40 (E National Road), this property offers unparalleled visibility and accessibility. Priced at $738,000, this single parcel is ideal for a variety of commercial developments. The location benefits from high daily traffic counts, ensuring significant exposure for any business established here. The property's size allows for ample space for construction, providing flexibility for various project scales. Wayne County's thriving economy and strategic location further enhance the investment potential. Note that an adjacent 2.41-acre parcel is also available for separate purchase at $834,500, or both parcels can be acquired together for a combined price of $1,414,600. This prime commercial real estate is ready for development, offering a unique chance to capitalize on a high-demand location. The property is located at 0 W Eaton Pike, Richmond, IN 47374.

    Property Features for 0

    General Information

    Property type
    Land
    Lot Size
    107,158 SF

    HighLights

    • Prime commercial land for sale in Richmond, IN, situated directly on I‑70 and US Highway 40 (E National Road).
    • 2.46‑acre parcel available for $738,000.
    • Adjacent 2.41‑acre parcel available for $834,500.
    • Combined purchase price for both parcels: $1,414,600.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Richmond
    County
    Wayne
    State
    Indiana
    Longitude
    -84.8196154
    Latitude
    39.8294687

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    FAQs

    What type of property is this?
    Land - High-traffic location, prime commercial acreage.
    Where is this land located?
    The property is located at Richmond, IN.
    What is the asking price?
    The asking price for this property is $738,000.
    What are key features of this property?
    This property features: Prime commercial land for sale in Richmond, IN, situated directly on I-70 and US Highway 40 (E National Road).; 2.46-acre parcel available for $738,000.; Adjacent 2.41-acre parcel available for $834,500.
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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
    Richmond, IN 47374
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