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    2902 Dupont Rd Fort Wayne, IN 46825

    Sponsored
    For Sale
    $6,500,000

    76-Room Best Western, Prime Location

    Property size:
    44,407 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 76-key Best Western hotel presents a lucrative investment opportunity in Fort Wayne, Indiana. Built in 2000, this three-story, interior corridor property boasts 44,407 square feet on a 68,922 square foot lot (APN: 020806200010000072). Conveniently located off Interstate 69, the hotel benefits from high visibility and easy access to major roadways. The property features an indoor pool, fitness center, and breakfast area, catering to a wide range of guests. Recent capital expenditures totaling $1,200,000 have been completed by the seller to convert the hotel to a Best Western brand, minimizing anticipated future improvements for the buyer. The hotel's strong financial performance is evident in its 2023 room revenue of $1,467,628 and trailing twelve-month (TTM) room revenue (September 2024) of $1,417,260. Situated in Allen County, Fort Wayne is Indiana's second-largest city, with a population of 267,927, offering a robust and growing market for hospitality businesses. The property's strategic location near Glenbrook Square, the largest shopping destination in Northeast Indiana, further enhances its appeal to both business and leisure travelers. This well-maintained hotel is poised for continued success and represents a compelling investment prospect in a thriving market. The asking price is $6,500,000.

    Property Features for 2902 Dupont Rd

    General Information

    Property type
    Motels
    Square Feet
    44,407 SF

    Building Details

    Year Built
    2000
    Stories
    3

    HighLights

    • 76‑unit, three‑story, interior corridor Best Western hotel in Fort Wayne, Indiana.
    • $1,200,000 in recent capital expenditures completed by the seller.
    • Minimal property improvement plan (PIP) expected for the buyer.
    • 2023 room revenue: $1,467,628; trailing twelve‑month (TTM) room revenue (September 2024): $1,417,260.
    • Located in Indiana's second‑largest city (population 267,927), near Glenbrook Square mall.
    Property Profile Location Intelligence

    Current Use by Public Records

    Best Western Fort ... Hotel

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fort Wayne
    County
    Allen
    State
    Indiana
    Longitude
    -85.105196902896
    Latitude
    41.177775542052

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    FAQs

    What type of property is this?
    Motel - 76-Room Best Western, Prime Location
    Where is this motel located?
    The property is located at 2902 Dupont Rd Fort Wayne, IN.
    What is the asking price?
    The asking price for this property is $6,500,000.
    What are key features of this property?
    This property features: 76-unit, three-story, interior corridor Best Western hotel in Fort Wayne, Indiana.; $1,200,000 in recent capital expenditures completed by the seller.; Minimal property improvement plan (PIP) expected for the buyer.
    Request Owner's contact information
    2902 Dupont Rd Fort Wayne, IN 46825
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    Fort Wayne, IN 46825
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2902 Dupont Rd Fort Wayne, IN 46825
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