846 Columbia AveFort Wayne, IN 46805

Property Details for 846 Columbia Ave

Lot size

0.15 AC

Property size (Sq ft)

1,841 SF

Property type

Specialty properties

Property subtype

Land

Description

This exceptional 0.15-acre commercial lot, located at 846 Columbia Avenue in Fort Wayne, Indiana, presents a unique investment opportunity. The property boasts a total area of 1,841 square feet and is zoned for special purpose commercial use. Its prime location in Lakeside Park offers convenient access to the thriving downtown Fort Wayne area, promising high visibility and potential for strong returns. Currently improved with a duplex, the property generates immediate income with two tenant-occupied units, each renting for $650 per month. This translates to a substantial monthly rental income stream. The existing tenants are responsible for electricity costs, while the owner covers gas and water expenses. The property's address is 846 Columbia Avenue, Fort Wayne, IN 46805, situated in Allen County. This is an ideal opportunity for investors seeking a profitable venture in a rapidly developing area of Fort Wayne. The property's size and location make it suitable for a variety of commercial uses, offering significant potential for future development and appreciation. The asking price is $139,900. This represents a compelling investment opportunity in a desirable location.

Location Insight

City

Fort Wayne

County

Allen

State

Indiana

Latitude

41.0833

Longitude

-85.1281

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