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    2712 Covington Rd Fort Wayne, IN 46802-6912

    For Sale
    $475,000

    Established salvage yard, 129,373 SF, 2.97 acres.

    Property size:
    129,373 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional investment opportunity presents a fully operational salvage yard located at 2712 Covington Road, Fort Wayne, Indiana, 46802-6912. The property encompasses a substantial 2.97 acres and boasts a total square footage of 129,373. Currently operating as a thriving salvage business, the sale includes all existing assets, inventory, and equipment on the premises. This includes approximately 150 vehicles. The property is zoned specifically for salvage operations, including dismantling auto parts and subsequent sales. This zoning provides a clear path for continued operation or potential redevelopment within the existing framework. The asking price for this turnkey operation is $475,000. Given the size of the lot, the existing business, and the favorable zoning, this presents a rare opportunity for investors seeking a profitable venture in the automotive salvage industry. The property's location in Allen County, Fort Wayne, offers convenient access to major transportation routes and a strong local market. Serious inquiries are encouraged to explore this unique investment opportunity further.

    Property Features for 2712 Covington Rd

    General Information

    Property type
    Land
    Square Feet
    129,373 SF
    Lot Size
    129,373 SF

    HighLights

    • $475,000 asking price.
    • 2.97‑acre lot.
    • 129,373 square foot special purpose property.
    • Located at 2712 Covington Road, Fort Wayne, IN 46802‑6912.
    • Zoned for salvage, dismantling auto parts, and parts sales.
    • Includes approximately 150 vehicles; property sold as‑is.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Wayne
    County
    Allen
    State
    Indiana
    Longitude
    -85.1758619
    Latitude
    41.0604539

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    FAQs

    What type of property is this?
    Land - Established salvage yard, 129,373 SF, 2.97 acres.
    Where is this land located?
    The property is located at 2712 Covington Rd Fort Wayne, IN.
    What is the asking price?
    The asking price for this property is $475,000.
    What are key features of this property?
    This property features: $475,000 asking price.; 2.97-acre lot.; 129,373 square foot special purpose property.
    Request Owner's contact information
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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
    2712 Covington Rd Fort Wayne, IN 46802-6912
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