0 Carroll Rd Fort Wayne, IN 46818
This exceptional 60-acre development project in Fort Wayne, Indiana, presents a unique investment opportunity. Located in rapidly growing Huntertown, within Perry Township, this land offers high visibility and accessibility, boasting daily traffic counts exceeding 35,000 vehicles. The property is zoned for proposed C2, allowing for diverse development options, including retail, office, and residential projects. The site is strategically positioned on the Northwest corner of Carroll Road and S.R. 3 (Lima Road). This development is currently underway, with Phase 1 (parcels 1-19) slated for completion in Q2 2024. The total acreage available ranges from 0.72 to 12.85 acres, depending on the parcel selected. The surrounding area is experiencing significant residential growth, with planned subdivisions adding over 1,000 single-family homes and townhomes. Final site plans and specifications will be detailed in the purchase contract. This is an ideal location for investors seeking high-growth potential in a thriving community. The property's address is Carroll Rd, Fort Wayne, IN 46818.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.