5050 Value DrFort Wayne, IN 46825

Property Details for 5050 Value Dr

Year built

2014

Construction

WOOD

Lot size

2.41 AC

Property size (Sq ft)

6,066 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

02-07-22-276-002.000-073

APU

20722276002000073

Description

This exceptional 5,040 square foot vacant commercial lot, located at 5050 Value Dr, Fort Wayne, IN 46825, presents a prime retail or hospitality investment opportunity. Boasting 0.87 acres and a highly visible 60-foot frontage on heavily trafficked Lima Road/US 27, this property benefits from its proximity to major thoroughfares, including I-69, ensuring exceptional exposure to a large customer base. The site's strategic location adjacent to a Costco and Long Horn Steakhouse guarantees high foot traffic and brand synergy. The area is further enhanced by its proximity to Glenbrook Mall, Fort Wayne Children's Zoo, and numerous other attractions, creating a vibrant and dynamic environment. The property's I-2 General Industrial zoning allows for a variety of commercial uses. Daily traffic counts on Lima Road/US 27 exceed 51,000 vehicles, while I-69 sees over 70,000 vehicles daily, underscoring the significant potential for business growth. The property's APN is 02-07-22-276-002.000.073. This is a rare opportunity to acquire a highly visible, well-located parcel in a thriving commercial corridor. The asking price is $595,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,677,122

  6.5%

  $1,548,113

  7%

  $1,437,533

• Comparable approach

  Method

  Valuation

  Relative Method

  $653,141

  Geo Method

  $300,988

• Alternative Use

  Use

  Valuation

  Residential

  $1,305,891

  Hospitality

  $1,196,189

  Educational

  $995,215

  Medical

  $1,029,442

  Retail

  $1,548,113

Location Insight

City

Fort Wayne

County

Allen

State

Indiana

Latitude

41.1251

Longitude

-85.1562

CBSA code

23060

CBSA name

FORT WAYNE, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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