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Property profile & analytics
FOR SALE
Auto shops

2700 Williamsburg Pike Richmond, IN 47374

1,980 SF 0.91 ac lot Built 1970
Individually Owned 14-yr Hold ~ Est. High Equity
Property ID
US31-1253435
Property summary
AI-generated overview

This exceptional 0.909-acre commercial land parcel presents a unique investment opportunity in Richmond, Indiana. Strategically located at the hard corner of a four-way signalized intersection, this property boasts unparalleled visibility and accessibility. Its prime location directly across the street from a planned Wawa site ensures high traffic counts and significant future development potential. The property is zoned for commercial use and is suitable for a variety of development options, including ground lease or build-to-suit projects. This makes it an ideal site for businesses seeking a high-profile location with excellent exposure to a substantial customer base. The property's size offers flexibility for various commercial ventures, allowing for ample space for building construction and potential landscaping. Given its location and the planned development nearby, this property is poised for significant appreciation in value. The address is 2700 Williamsburg Pike, Richmond, IN 47374, within Wayne County. Serious inquiries are encouraged to explore the possibilities this exceptional commercial land parcel offers. The property is easily accessible via major roadways, ensuring convenient access for both employees and customers. This is a rare opportunity to acquire a highly visible and strategically located commercial property in a growing area.

Property profile
Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1970
Construction WOOD
Total area 1,980 SF
Lot 0.91 ac (39,596 SF)
Zoning code ZO01
APN 89-16-19-340-205.000-030
UPID US31-1253435
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Team Anderson Auto Group Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Rusty J Anderson · 14 yrs held
Rusty J Anderson
since 2011
3 recorded transactions
2011
$150,000
2010
Price N/A
2005
Price N/A
Zoning & alternative use
ZO01 · Richmond, IN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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