651 5th St Richmond, IN 47374-2972
- Retail space
- 3,610 SF
- 0.38 lot acres
Current Use by Public Records
- Jim's Formal Wear / Tuxedo Shop
Property Details for 651 5th St
- Year built
- 1950
- Construction
- WOOD
- Lot size
- 0.38 lot acres
- Property size
- 3,610 SF
- Property type
- Retail space
- APN
- 89-16-32-130-410.000-030
- APU
- 891632130410000030
Description
This exceptional commercial property, located at 651 NW 5th Street in Richmond, Indiana, presents a unique investment opportunity. The 0.38-acre lot offers significant potential for a variety of commercial ventures. The existing structure boasts 3,610 square feet of space, providing ample room for development or renovation. Situated in Wayne County, this property benefits from convenient access to key transportation routes and local amenities. The asking price is $195,500, making it an attractive proposition for both established businesses and ambitious entrepreneurs seeking a foothold in a thriving market. The property is classified as special purpose land and is zoned for commercial use. The substantial lot size offers flexibility for future expansion or redevelopment, catering to a wide range of commercial needs. This is a rare opportunity to acquire a well-located commercial property in a growing area, offering significant potential for return on investment. The property's existing structure provides immediate usability, while the ample land allows for future growth and adaptation to evolving business requirements. Serious inquiries are encouraged to explore the possibilities this property offers. The address is easily accessible and visible from a main thoroughfare. This property is ready for its next chapter.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Richmond
- County
- Wayne
- State
- Indiana
- Longitude
- -84.9077
- Latitude
- 39.8368
- CBSA code
- 39980
- CBSA name
- RICHMOND, IN MICROPOLITAN STATISTICAL AREA
