1594 L St Richmond, IN 47374
This exceptional commercial property, located at 1594 NW L Street in Richmond, Indiana, presents a unique investment opportunity. The 6-acre lot offers significant potential for a variety of commercial ventures. The existing structure on the property comprises 1,800 square feet, providing a solid foundation for immediate use or redevelopment. Situated in Wayne County, the property benefits from convenient access to key transportation routes and local amenities. The asking price for this versatile property is $259,500. This represents a compelling value proposition for investors seeking a strategic foothold in the thriving Richmond commercial market. The property's zoning and permitted uses should be independently verified. Detailed site plans and surveys are available upon request. Don't miss this chance to acquire a substantial commercial land parcel with existing building improvements in a desirable Indiana location. The property is zoned for commercial use, offering flexibility for various business types. The 1800 square foot building presents options for immediate occupancy or renovation to suit specific business needs. Serious inquiries are encouraged to explore the full potential of this promising investment.
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
Similar Nearby for Sale
Similar Nearby for Lease
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.