Restaurant and Airbnb
5700 Bluffton Rd Fort Wayne, IN 46809
5700 Bluffton Rd, Fort Wayne, IN, 46809
Contact for pricing
For Sale
Contact for pricing
Profitable restaurant and updated Airbnb on 1.01 acres.
Property Size4,756 SF
Lot Size1.01 Acres
Price / SF$262.83
Days on Market850
Property Features for 5700 Bluffton Rd
General Information
- Standard status
- Active
- Size
- 4,756 SF
- Lot size
- 1.01 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1949
Listing Agency
The Zacher Company
(260) 422-8474
Listed by
Evan Rubin · License #IN RB16000634
Source
Crexi
Added: Mar 20, 2024 Checked: Jul 17 at 3:52 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Zacher Company
Investment Insights
Based on property information with market context.
Located at 5700 Bluffton Road in Fort Wayne, Indiana, this property offers a 4,756 square-foot building constructed in 1949. Zoned C2/Limited Commercial, the property is situated in the Southwest area. The sale includes both the real estate and the business. The property features a 3,156 square-foot restaurant with strong sales, along with a recently updated 1,600 square-foot Airbnb. The restaurant includes a spacious kitchen area equipped with two 8-foot exhaust hood systems, furniture, equipment, and fixtures. The property also includes a detached garage and is set on 1.01 acres of land. The intended use of the property is for commercial purposes, including restaurant and short-term rental operations.
Key Highlights
- Profitable restaurant business with strong sales included in the sale
- Prime location in the thriving Southwest area of Fort Wayne
- Versatile property featuring a 3,156 SF restaurant and a recently updated 1,600 SF Airbnb
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $75.9k | $15.96 |
| − Vacancy | −$5.7k | −$1.20 |
| EGI | $70.2k | $14.76 |
| − OpEx | −$17.6k | −$3.69 |
| NOI | $52.7k | $11.07 |
4,756 SF · lease $15.96/SF/yr · vacancy 7.50% · expense 25.00%
Alternative Uses
Best Use
Apartment 5plus
$3.56M
$3.12M – $4.16M
NOI $249,521 @ 7.0% cap · market cap 19.96%
Second Best
Specialty Retail
$752.3K
$658.3K – $877.7K
NOI $52,660 @ 7.0% cap · market cap 4.21%
Theoretical Best
Multifamily LT 5
$3.97M
$3.48M – $4.64M
NOI $278,115 @ 7.0% cap · market cap 22.25%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Waynedale Cafe
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Profitable restaurant and updated Airbnb on 1.01 acres.
Where is this conventional restaurant located?
The property is located at 5700 Bluffton Rd Fort Wayne, IN.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Profitable restaurant business with strong sales included in the sale; Prime location in the thriving Southwest area of Fort Wayne; Versatile property featuring a **3,156 SF restaurant** and a **recently updated 1,600 SF Airbnb**
