316 National Hwy Washington, IN 47501-4039
This exceptional 0.33-acre commercial lot, located at 316 E National Highway in Washington, Indiana, presents a unique investment opportunity. Situated at the highly visible northwest corner of Highway 50 and State Road 57, this property boasts unparalleled accessibility and exposure to a substantial daily traffic flow. The 1,938 square foot building offers versatile space suitable for a wide range of commercial uses, from retail establishments to professional offices. Its adaptable floor plan and convenient two-bay garage add significant value and functionality. The property's central location within Washington, Indiana, ensures proximity to a thriving community and established infrastructure. This prime commercial real estate is ready for immediate development or occupancy, offering limitless potential for a discerning investor or business owner seeking a high-impact location. The property is zoned for commercial use and is conveniently accessible from two major highways, maximizing visibility and ease of access for customers and employees. This is an exceptional opportunity to establish a thriving business in a highly desirable location. The asking price is $399,000. Don't miss this chance to secure a prominent presence in a growing Indiana market.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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.