Listing courtesy of Tarter Realty Auction and Appraisal Company · Listing agent: Paul Faddis

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4711 E National Road

$1,195,000

$294.63 / sq ft

Richmond, IN 47374

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Bathrooms
2
Lot
0.11 ac
Year built
1989
Type
Commercial Sale
Listed
June 14, 2026
MLS #
202623364

About this home

Strategically positioned on the Interstate 70 corridor at one of Richmond's highest-traffic commercial nodes, this freestanding former Fazoli's presents a compelling multi-use opportunity for investors, franchise operators, and developers alike.? The building conveys fully equipped with commercial kitchen infrastructure and a functional drive-thru lane, providing a rare, immediate-occupancy advantage that dramatically compresses time-to-open and reduces build-out capital requirements for the right operator.? Richmond serves as the urban and economic hub of Wayne County and anchors a seven-county trade region with over 209,000 residents and a regional income base exceeding $10.4 billion.? The E.? National Road corridor has evolved into one of Indiana's strongest retail concentrations east of Indianapolis - anchored by Walmart, Lowe's, Kohl's, AMC Theatres, Cracker Barrel, Bob Evans, Taco Bell, and Walgreens, establishing consistent consumer traffic that supports virtually every QSR, fast-casual, and service retail format.? The property's location near the Indiana-Ohio state line adds a meaningful transient traffic component.? With I-70 terminating at the Ohio border just miles east, this site captures both inbound and outbound interstate travelers - a dual demand driver that distinguishes it from comparable Richmond retail pads.? Additional institutional traffic generators within five miles include Reid Health, Indiana University East, Ivy Tech Community College, and Earlham College.? Three deal structures are available to accommodate the full range of ownership, franchise, and developer requirements: purchase the land and building outright, lease the existing space as-is on a NNN basis, or pursue a land lease for ground-up build-to-suit development.?

Property details

Interior

Stories
1
Finished area above grade
4,056 sq ft
Basement
Slab
Flooring
Carpet, Tile
Heating
Natural Gas, Forced Air
Cooling
Central Air

Exterior & parking

Construction
Stucco
Roof
Shingle
Parking
Parking Lot
New construction
No

Waterfront & lake

Waterfront
No

Lot

Lot size (acres)
0.11 ac
Lot dimensions
0.11 acres
Location type
City
Inside city limits
Yes
County
Wayne County
Township
Wayne
Road frontage
City Street
Platted
Yes
Planned unit development
No
Directions
Take I-70 to Richmond. Take exit 156A for US-40W. Property is on your left.

Taxes & terms

Annual taxes
$21,306
Tax year
2026
Tax abatement
No
Possession
Negotiable
Parcel number
89-16-35-440-206.003-030

Included in the sale

Included in sale
Building,Inventory

Utilities

Water
City
Sewer
Public Sewer

Income & commercial

Water meters
1
Ceiling height
10

Location

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