930 Coliseum BlvdFort Wayne, IN 46805

Property Details for 930 Coliseum Blvd

Year built

1979

Construction

WOOD

Lot size

1.45 AC

Property size (Sq ft)

8,830 SF

Property type

Retail space

APN

02-07-25-128-003.000-073

APU

20725128003000073

Description

This exceptional redevelopment opportunity presents a vacant, 8,830-square-foot retail building situated on a 1.45-acre lot in Fort Wayne, Indiana. The property, located at 930 E Coliseum Blvd, boasts a desirable C4 commercial zoning, allowing for diverse commercial uses. Built in 1979, the single-story structure features a fully equipped commercial kitchen, four walk-in coolers, and a covered outdoor patio. Ample parking is provided with 94 spaces. The property benefits from its strategic location within a high-traffic area, experiencing 46,400 vehicles daily on Coliseum Boulevard. Its proximity to a Kroger grocery store (less than a mile south) and the Northcrest Shopping Center (directly across the street) ensures high visibility and accessibility. This location is part of one of Northeast Indiana's largest regional trade areas, surrounded by over 28 popular retail establishments and attractions. The asking price for this significant redevelopment opportunity is $2,600,000. This is a rare chance to acquire a substantial property in a thriving commercial corridor. The existing building and ample land provide a solid foundation for a variety of commercial ventures.

• CAP approach

  CAP return

  Valuation

  6%

  $2,441,310

  6.5%

  $2,253,517

  7%

  $2,092,552

• Comparable approach

  Method

  Valuation

  Relative Method

  $694,738

  Geo Method

  $438,134

• Alternative Use

  Use

  Valuation

  Residential

  $1,900,926

  Hospitality

  $1,741,238

  Educational

  $1,448,690

  Medical

  $1,498,512

  Retail

  $2,253,517

Location Insight

City

Fort Wayne

County

Allen

State

Indiana

Latitude

41.1171

Longitude

-85.1274

CBSA code

23060

CBSA name

FORT WAYNE, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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