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Property profile & analytics
FOR SALE
Auto shops

900 S A St Richmond, IN 47374

2,859 SF 0.43 ac lot Built 1950
Individually Owned 4-yr Hold Free & Clear
Property ID
US31-1684853
Property summary
AI-generated overview

This exceptional mixed-use property, located at 900 North A Street in Richmond, Indiana, presents a rare investment opportunity. Situated on approximately 0.39 acres at a high-traffic intersection, this 2,859 square foot building boasts a prime location in downtown Richmond, just minutes from I-70, Reid Health, and other significant commercial businesses. The single-story building, constructed in 1950 and renovated in 2000, currently operates as a thriving auto shop and convenience store, enjoying 100% occupancy. The property features four dock-high doors, ideal for efficient loading and unloading, and a spacious 12-foot ceiling height. Ample parking is available with 25 spaces. This corner lot benefits from two stoplights at the intersection of Chester Boulevard and North A Street (US 40), ensuring high visibility and accessibility. The current owner is not selling the business and will relocate upon sale, providing a clean slate for the new owner. This unique property offers a blend of established income and significant redevelopment potential, making it an exceptional addition to any investment portfolio. The property's size and location make it an ideal candidate for a variety of uses, capitalizing on the high traffic volume and strategic location within Richmond. The asking price is $499,000.

Property profile
Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1950
Construction WOOD
Total area 2,859 SF
Lot 0.43 ac (18,731 SF)
Zoning code ZO01
APN 89-16-32-440-111.000-030
UPID US31-1684853
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
  • The Leland Legacy Senior Community Nursing Home Retirement Community
  • Corner Cafe At The Leland Restaurant
  • Newton's Auto Services Auto Repair Shop
  • VNA Health Trends Home Health Care Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Charles Newton · 4 yrs held
Charles Newton
since 2022
2 recorded transactions
2022
Price N/A
2016
Price N/A
Zoning & alternative use
ZO01 · Richmond, IN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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