1901 Hathaway RdFort Wayne, IN 46845

Property Details for 1901 Hathaway Rd

Year built

1994

Construction

WOOD

Lot size

1.81 AC

Property size (Sq ft)

2,560 SF

Property type

Other commercial real estate

Property subtype

Showrooms

APN

02-02-29-100-001.000-058

APU

20229100001000058

Description

This exceptional 1.81-acre commercial property, located at 1901 Hathaway Rd, Fort Wayne, IN 46845 (APN: 02-02-29-100-001.000-058), presents a remarkable investment opportunity. Situated on a hard corner at the intersection of Hathaway and Lima Roads, this property boasts unparalleled visibility and accessibility. Built in 1994 and renovated in 2009, the property features a Class B designation and is currently 100% occupied. The permitted zoning is AR, making it ideal for a variety of uses. The property includes ample surface, gravel parking and features grade-level doors measuring 12 ft x 12 ft and 3 ft x 7 ft (four total). Ceiling heights range from 8 to 12 feet. Utilities are on-site, with NIPSCO supplying gas, Huntertown Municipal providing water and sewer, and AEP supplying power (220 volts). This prime location in a rapidly growing area of Fort Wayne offers significant potential for retail development or owner-user occupancy, benefiting from ongoing infrastructure improvements and high demand. The property's strategic position ensures maximum exposure and attracts businesses seeking increased services and amenities. This is a rare opportunity to acquire a high-visibility, versatile property in a thriving market.

• CAP approach

  CAP return

  Valuation

  6%

  $707,786

  6.5%

  $653,341

  7%

  $606,674

• Comparable approach

  Method

  Valuation

  Relative Method

  $201,378

  Geo Method

  $127,024

• Alternative Use

  Use

  Valuation

  Residential

  $551,118

  Hospitality

  $504,821

  Educational

  $420,005

  Medical

  $434,450

  Retail

  $653,341

Location Insight

City

Fort Wayne

County

Allen

State

Indiana

Latitude

41.2059

Longitude

-85.1705

CBSA code

23060

CBSA name

FORT WAYNE, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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