2700 Williamsburg PikeRichmond, IN 47374

  • Auto shops
  • 1,980 SF

Property Details for 2700 Williamsburg Pike

Year built
1970
Construction
WOOD
Lot size
0.91 AC
Property size (Sq ft)
1,980 SF
Zone code
ZO01
Property type
Auto shops
APN
89-16-19-340-205.000-030
APU
891619340205000030

Description

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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $456,807
    6.5%
    $421,668
    7%
    $391,549
  • Comparable approach

    Method
    Valuation
    Relative Method
    $435,663
    Geo Method
    $619,658
  • Alternative Use

    Use
    Valuation
    Residential
    $355,693
    Hospitality
    $325,812
    Educational
    $271,072
    Medical
    $280,395
    Retail
    $421,668

Location Insight

City
Richmond
County
Wayne
State
Indiana
Latitude
39.8627
Longitude
-84.9202
CBSA code
39980
CBSA name
RICHMOND, IN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$2,367
$19,100
$59,100
$78,200
-
$19,100
$59,100
$78,200

FAQs

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