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4711 E National Road

Restaurant/Bar • 37Y Old
$1,195,000 Listed 3 months ago
0.11 Acres
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Property Description

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.?

Directions

Take I-70 to Richmond. Take exit 156A for US-40W. Property is on your left.

Property
MLS # 202623364
Date Listed 2026-06-12
Status Active
Property Type Commercial
Property SubType Restaurant/Bar
New Construction No
Type Restaurant/Bar
Annual Taxes $21,306.00
Year Taxes Payable 2026
Year Built 1989
Virtual Tour propertypanorama.com »
Days on Market 115
Homestead Year No
Room Dimensions
Den 1 × 4056 Level
3rd Bedroom 2 × 1 Level
External Features
Construction Restaurant/Bar
Lot Size 4,792 sq ft
Acreage 0.11 Acres
Lot Dimensions 0.11 acres
Fence None
Location
Area Wayne County
County Wayne
Subdivision None
Township Wayne
City Richmond
State IN
Zip 47374
Financial
Assoc. Dues $0.00
Contact

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MLS# 202623364
Listing Provided Courtesy of Paul Faddis
Tarter Realty Auction and Appraisal Company

Listing updated June 22, 2026 at 1:00 pm
Last checked 2 minutes ago

IDX information provided by the Indiana Regional MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.