8607 Us-24 Fort Wayne, IN 46804
This thriving restaurant in Southwest Fort Wayne, Indiana, is offered at $1,200,000. The 5,988 square foot, single-tenant property sits on a 1.13-acre lot (APN: 02-11-23-400-010.000-038) and boasts a fully furnished kitchen including two hoods, grills/ranges, deep fryers, ovens, a walk-in cooler, and freezer. Built in 2000, this one-story building is zoned C3 and enjoys 100% occupancy. Its prime location at 8607 US-24, Fort Wayne, IN 46804, offers excellent visibility to Interstate 69 via pylon and building signage, with quick access to US 24 and W Jefferson Blvd. The property benefits from high traffic volume, approximately 33,000 vehicles per day on Jefferson Blvd/US-24 and 39,000 VPD on I-69. Its strategic location adjacent to two hotels with low vacancy rates, near shopping centers, subdivisions, and Lutheran Hospital, ensures a strong customer base. Ample parking is available in a shared lot with the adjacent hotels. A liquor license is also available. This turnkey opportunity presents a compelling investment in a high-demand location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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No recorded transactions found for this property.
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Risks
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