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Property profile

1070 Highland School Rd Richmond, IN 47374

OFF-MARKET
Specialty properties
2.57 ac lot
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Property summary

AI-generated overview

This exceptional 2.57-acre commercial land parcel presents a unique investment opportunity in Richmond, Indiana. Located at 1070 Highland School Road, this property is zoned for commercial use and offers significant potential for development. The expansive lot provides ample space for a variety of commercial ventures, allowing for flexibility in design and construction. With its convenient location in Wayne County, this site benefits from excellent visibility and accessibility, making it an attractive option for businesses seeking a prominent presence in the Richmond market. The asking price of $215,000 represents a compelling value for this sizable tract of land, ready for immediate development. The property's address is 1070 Highland School Road, Richmond, IN 47374. This is a blank canvas for your next commercial project, offering a chance to build to suit your specific needs and vision. The property is classified as Special Purpose land and is ideal for entrepreneurs and investors looking to establish a strong foothold in a growing community. Given the size and location, this property is suitable for a wide range of commercial uses, subject to local zoning regulations. Serious inquiries are encouraged to explore the possibilities this exceptional land parcel offers. The property is conveniently located in Richmond, Indiana, with easy access to major transportation routes.

Property profile

Verified
Property type Specialty properties
Lot 2.57 ac (111,949 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Tanning Salon

Location

1070 Highland School Rd Richmond, IN 47374
Richmond metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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