Property & Auction Address: 3721 National Rd W, Richmond, IN 47374
Bid your price for this outdoor retail property with 3 acres and 175′ of frontage on US 40. The property features 2 buildings totaling 8,480 square feet and 12′ – 14′ ceiling heights in the shop and warehouse areas for . This property is ideal for Sales, Rental, Service or Storage of Ag Equipment, Commercial Trucks, RV’s and/or Heavy Equipment with the setup and exposure to over 12,000 vehicles daily on US 40. Come bid your price to buy on auction day!
Additional due diligence documents are available for download below.
|General Property Details|
|Address||3721 US Highway 40, Richmond, Indiana 47374|
|Zoning||OC (Outdoor Commercial) & R2 (Medium Density Single-Family)|
|Lot Size||3.0 Acres|
|Frontage Area||175 feet on US Highway 40/W. National Rd.|
|Assessed Tax Value||$279,600 (2018)|
|Semi-Annual Taxes||$4,058.56 (2017 pay 2018)|
|Appraisal Date||August 22, 2017|
|Front Building (Occupied)|
|Building Size||4,880 square feet|
|Construction Type||Concrete Block|
|Roof Type||Pitched, Metal Sheeting|
|Year Built||1948 (per Wayne Co. Assessor)|
|HVAC Type||Gas-Forced Heat in Office Area, None in Shop|
|Clear Ceiling Height||14′ in Drive-Thru & rear Overhead Bays|
|Other Pertinent Data||(5) Overhead Doors – (3) 14′ x 14′, (1) 10′ x 14′ & (1) 8′ x 8′|
|East end of front building is a self-contained Drive-Thru Bay.|
|Tenant is Body Shop who has paid $800/mth since 8/2011.|
|Tentant to retain right to stay for up to 90 days after closing.|
|Rear Building (Vacant)|
|Building Size||3,600 square feet (45′ x 80′)|
|Construction Type||Wood Framed, Metal Sheet Sided|
|Roof Type||Pitched Shingle Roof|
|Year Built||1961 (per Wayne Co. Assessor)|
|Clear Ceiling Height|
|Other Pertinent Data||(1) Overhead Door, 14′ x 14′|
|Rear of building has sliding barn-style access door.|
General Auction Terms
Required Down Payment $10,000 cashier’s check, increased to 10% within 3 business days.
Closing Time 30 days after auction (February 22, 2019).
Tax Administration Prorated to date of closing.
10% Buyer’s Premium
Licenses: Seth Seaton: AU10900115 Auction Co: AC30900124
Seller: Multiple Sellers