545 State BlvdFort Wayne, IN 46805

Property Details for 545 State Blvd

Year built

1980

Lot size

0.28 AC

Property type

Parking lots & garages

APN

02-07-36-160-014.000-074

APU

20736160014000074

Description

This exceptional 0.276-acre commercial lot is ideally situated at 545 E State Blvd in Fort Wayne, Indiana (Allen County, zip code 46805), offering unparalleled visibility and accessibility. Boasting a highly desirable C-3 zoning classification, this property presents a multitude of development opportunities. The lot features an existing curb cut, enhancing convenience and immediate usability. With a daily traffic count of 18,900 vehicles, this location ensures maximum exposure for any business. The property benefits from its proximity to a well-established Mexican restaurant and the Northside High School campus, guaranteeing a consistent flow of potential customers. Further enhancing its appeal, a new gas station and convenience store is under construction just half a block to the east, promising increased foot traffic and synergistic business opportunities. The APN is 02-07-36-160-014.000-074. This is a rare opportunity to acquire a prime commercial parcel in a thriving Fort Wayne location. The asking price is $199,000. Don't miss this chance to secure a valuable asset in a high-traffic area with diverse development potential.

• CAP approach

  CAP return

  Valuation

  6%

  $3,317,749

  6.5%

  $3,062,538

  7%

  $2,843,785

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,291,940

  Geo Method

  $595,426

• Alternative Use

  Use

  Valuation

  Residential

  $2,583,365

  Hospitality

  $2,366,348

  Educational

  $1,968,774

  Medical

  $2,036,483

  Retail

  $3,062,538

Location Insight

City

Fort Wayne

County

Allen

State

Indiana

Latitude

41.0968

Longitude

-85.1329

CBSA code

23060

CBSA name

FORT WAYNE, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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