3901 Swayne AveFort Wayne, IN 46807

Property Details for 3901 Swayne Ave

Year built

1949

Construction

TYPE NOT SPECIFIED

Lot size

0.82 AC

Property size (Sq ft)

18,315 SF

Property type

Office properties

Property subtype

Other office properties

APN

02-12-14-376-001.000-074

APU

21214376001000074

Description

This exceptional 18,315 square foot Class B executive office building presents a compelling investment opportunity in Fort Wayne, Indiana. Located at 3901 South Wayne Avenue, this two-story structure (plus basement) boasts excellent visibility and convenient access to the Fort Wayne International Airport via Rudisill Boulevard. Built in 1949, the property sits on a 0.82-acre lot (APN: 02-12-14-376-001.000-074) and is zoned R-1, offering multiple potential uses. Ample paved surface parking is situated directly adjacent to the building, providing convenient access for employees and clients. The asking price is $350,000, translating to a price per square foot of $19.11. The property's strategic location and substantial square footage make it an ideal choice for a variety of businesses. Note that additional land may be available to the south of the existing building, presenting further expansion possibilities. This property offers a rare combination of size, location, and potential, making it a highly attractive investment prospect.

• CAP approach

  CAP return

  Valuation

  6%

  $3,444,704

  6.5%

  $3,179,726

  7%

  $2,952,603

• Comparable approach

  Method

  Valuation

  Relative Method

  $783,130

  Geo Method

  $360,622

• Alternative Use

  Use

  Valuation

  Residential

  $3,942,861

  Hospitality

  $3,611,639

  Educational

  $3,004,841

  Medical

  $3,108,182

  Retail

  $4,674,198

Location Insight

City

Fort Wayne

County

Allen

State

Indiana

Latitude

41.0495

Longitude

-85.1466

CBSA code

23060

CBSA name

FORT WAYNE, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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