334 Berry StFort Wayne, IN 46802

Property Details for 334 Berry St

Year built

1900

Construction

WOOD

Lot size

0.48 AC

Property size (Sq ft)

10,255 SF

Property type

Office properties

Property subtype

Other office properties

APN

02-12-02-434-003.000-074

APU

21202434003000074

Description

This exceptional property, located in the heart of Fort Wayne's downtown core, presents a unique investment opportunity. The beautifully restored historic building, originally constructed in 1800 and extensively renovated in 2007, offers a total of 13,636 square feet of versatile space. The property comprises two buildings: a main three-story structure encompassing 10,416 square feet, and a two-story carriage house adding another 3,220 square feet. Both buildings feature elevators, finished interiors, and two restrooms each. Ample parking is provided with approximately 20 spaces, complemented by prominent entrance signage. The property sits on a 0.48-acre lot and benefits from a highly visible location, boasting over 30,000 vehicles per day in traffic counts. Its convenient downtown location offers easy walkability to a variety of amenities, including business offices, banking institutions, and entertainment venues. The property is zoned DC (Downtown Commercial) in Allen County and is currently available for both sale and lease. This is a rare chance to acquire a meticulously maintained historic building in a thriving urban setting. The entire 13,636 square feet is currently vacant, providing immediate occupancy for a single tenant.

• CAP approach

  CAP return

  Valuation

  6%

  $1,928,771

  6.5%

  $1,780,404

  7%

  $1,653,232

• Comparable approach

  Method

  Valuation

  Relative Method

  $438,231

  Geo Method

  $201,921

• Alternative Use

  Use

  Valuation

  Residential

  $2,207,700

  Hospitality

  $2,022,242

  Educational

  $1,682,482

  Medical

  $1,740,345

  Retail

  $2,617,194

Location Insight

City

Fort Wayne

County

Allen

State

Indiana

Latitude

41.0797

Longitude

-85.1351

CBSA code

23060

CBSA name

FORT WAYNE, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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