5700 Bluffton RdFort Wayne, IN 46809

Property Details for 5700 Bluffton Rd

Year built

1949

Construction

WOOD

Lot size

1.01 AC

Property size (Sq ft)

4,756 SF

Property type

Retail space

APN

02-12-22-351-042.000-074

APU

21222351042000074

Description

This exceptional investment opportunity encompasses a thriving restaurant and a recently renovated Airbnb, both situated on a 1.01-acre lot in Fort Wayne, Indiana. The property, located at 5700 Bluffton Rd, features a 4,756 square foot, two-story building constructed in 1949 and extensively renovated in 2023. The restaurant boasts a substantial 3,156 square feet, including a large kitchen area equipped with two 8-foot exhaust hood systems. The attached 1,600 square foot Airbnb consistently receives bookings. The sale includes all furniture, equipment, and fixtures for both the restaurant and Airbnb. The property is zoned C2/Limited Commercial and includes a detached garage. The asking price for the combined real estate and business is $1,400,000. A separate business-only sale is also available for $625,000. This turnkey operation presents a unique chance to acquire a well-established business with significant income potential. The property's APN is 02-12-22-351-042.000-074. This is a vacant property, ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $1,314,934

  6.5%

  $1,213,786

  7%

  $1,127,087

• Comparable approach

  Method

  Valuation

  Relative Method

  $512,786

  Geo Method

  $235,987

• Alternative Use

  Use

  Valuation

  Residential

  $1,023,874

  Hospitality

  $937,863

  Educational

  $780,291

  Medical

  $807,126

  Retail

  $1,213,786

Location Insight

City

Fort Wayne

County

Allen

State

Indiana

Latitude

41.0319

Longitude

-85.1669

CBSA code

23060

CBSA name

FORT WAYNE, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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