Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    Wayne IN Lima Xing Dr Ft Fort Wayne, IN 46818

    For Sale
    $395,000

    1.43 Acres, High-Traffic Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This 1.43-acre commercial land parcel, located at Lima Crossing Drive in Fort Wayne, Indiana, presents a unique investment opportunity. Zoned C-3 (General Commercial), this property boasts a prime location along Lima Road (SR 3), experiencing over 24,778 vehicles daily. The southern lighted intersection at Carroll Road sees an additional 9,226 vehicles per day, ensuring high visibility and accessibility for any commercial venture. The surrounding area is experiencing significant growth, with new residential developments featuring homes priced from $200,000 to over $1,000,000. This thriving neighborhood offers a strong customer base for businesses. Existing nearby commercial establishments include Walgreens, CVS, a BP gas station, Farmers & Merchants Bank, and Empowerment Sports Club, indicating a robust and diverse commercial landscape. The property's APN is 02-02-326-01.014-058, and the asking price is $395,000. This is an exceptional opportunity to establish a business in a rapidly developing area of Fort Wayne with limited competition. The property's strategic location and high traffic counts make it ideal for a variety of commercial uses. Allen County's zip code for this location is 46818.

    Property Features for Wayne IN Lima Xing Dr Ft

    General Information

    Property type
    Land
    Lot Size
    62,291 SF

    HighLights

    • High‑traffic location on Lima Road (SR 3).
    • High visibility at a lighted intersection with over 34,000 VPD.
    • Strong co‑tenancy including Walgreens, CVS, and BP.
    • Located within a thriving area of new commercial and residential growth.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Fort Wayne
    County
    Allen
    State
    Indiana
    Longitude
    -85.166698894501
    Latitude
    41.194283747797

    Nearby Similar for Sale

    • $350,000
      Pending

      Versatile Commercial Building in Fort Wayne

      Multi-use commercial building in high-traffic area near downtown Fort Wayne.
      3539 N Clinton St, Fort Wayne, IN 46805
      View Details
    • $580,000
      0.43 Acres

      Unique Stone Castle-Inspired Retail Space

      Distinctive property with high visibility, adaptable layout, and ample parking.
      6623 Sr 930, Fort Wayne, IN 46803
      View Details
    • $305,900
      2,820 SF

      Duplex Near Electric Works

      Duplex with potential for short-term rentals near Electric Works.
      1814 College St, Fort Wayne, IN 46802
      View Details
    • $418,888
      Pending

      Updated Duplex with Income Potential

      Turn-key duplex with AirBnB and long-term rental income.
      5705 Bluebird Ct, Fort Wayne, IN 46835
      View Details
    • $419,900
      3,016 SF

      Spacious Duplex on One Acre

      Fort Wayne duplex with 7 bedrooms, 4 baths on one acre.
      5140 Old Maysville Rd, Fort Wayne, IN 46815
      View Details
    • $330,000
      2,448 SF

      Turnkey Fourplex Near Lakeside Park

      Fully occupied fourplex near Lakeside Park, generating stable monthly income.
      1027 Lake Ave, Fort Wayne, IN 46805
      View Details

    FAQs

    What type of property is this?
    Land - 1.43 Acres, High-Traffic Location
    Where is this land located?
    The property is located at Wayne IN Lima Xing Dr Ft Fort Wayne, IN.
    What is the asking price?
    The asking price for this property is $395,000.
    What are key features of this property?
    This property features: High-traffic location on Lima Road (SR 3).; High visibility at a lighted intersection with over 34,000 VPD.; Strong co-tenancy including Walgreens, CVS, and BP.
    (260) 487-3699
    Request Owner's contact information
    Wayne IN Lima Xing Dr Ft Fort Wayne, IN 46818
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Wayne IN Lima Xing Dr Ft
    Fort Wayne, IN 46818
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Wayne IN Lima Xing Dr Ft Fort Wayne, IN 46818
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.