8021 Durban DrFort Wayne, IN 46819

Property Details for 8021 Durban Dr

Year built

1960

Construction

WOOD

Lot size

3.57 AC

Property size (Sq ft)

1,478 SF

Property type

Retail properties

Property subtype

Retail space

APN

02-12-34-253-016.000-074

APU

21234253016000074

Description

This exceptional 3.57-acre commercial property at 8021 Durban Drive, Fort Wayne, Indiana, presents a unique investment opportunity. The site encompasses a substantial 155,509 square feet and features two existing structures, previously utilized as a public swimming complex. This versatile property is zoned RP, permitting a range of development options, including duplexes or an apartment complex. Its prime location just off Airport Expressway offers excellent visibility and accessibility. The property's history as a community gathering place offers potential for restoration to its original use or repurposing for a new function. The asking price is $119,900, making this a compelling proposition for investors seeking a large-scale project with significant redevelopment potential in a desirable Fort Wayne location. The Allen County address, 46819 zip code, and coordinates (41.011043, -85.1590652) provide precise location details. The property's size and zoning flexibility offer a wide array of development possibilities, catering to diverse investment strategies. This is a rare chance to acquire a substantial parcel of land with existing infrastructure in a rapidly growing area.

• CAP approach

  CAP return

  Valuation

  6%

  $408,636

  6.5%

  $377,203

  7%

  $350,260

• Comparable approach

  Method

  Valuation

  Relative Method

  $159,379

  Geo Method

  $73,337

• Alternative Use

  Use

  Valuation

  Residential

  $318,184

  Hospitality

  $291,455

  Educational

  $242,487

  Medical

  $250,827

  Retail

  $377,203

Location Insight

City

Fort Wayne

County

Allen

State

Indiana

Latitude

41.0107

Longitude

-85.1589

CBSA code

23060

CBSA name

FORT WAYNE, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].