1902 National Rd Richmond, IN 47374
This exceptional 0.2-acre commercial land parcel presents a unique investment opportunity in Richmond, Indiana. Located at 1902 West National Road, this property is zoned for commercial use and offers significant potential for various development projects. The asking price is an attractive $10,000, making it an accessible entry point for entrepreneurs and investors alike. Situated in Wayne County, the property benefits from convenient access to major transportation routes, ensuring excellent visibility and accessibility for any future business. The address, 1902 West National Road, Richmond, IN 47374, places it within a thriving community with a strong local economy. This level lot provides a blank canvas for creative development, allowing for customization to suit a wide range of commercial ventures. The property's size is ideal for smaller-scale businesses or as a strategic addition to an existing portfolio. Given its location and price point, this land parcel represents a compelling opportunity for immediate development or future appreciation. The property is classified as "Special Purpose" and is ready for its next chapter. Serious inquiries are encouraged to explore the possibilities this unique offering presents. The geographic coordinates are 39.8248149 latitude and -84.9287145 longitude.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.