3200 Ardmore Ave Fort Wayne, IN 46802
This exceptional 1,280 square foot restaurant space is situated in a thriving retail center on Kimberly Road in Davenport, boasting over 20,000 vehicles passing daily. The center enjoys a strong anchor tenant, Hy-Vee, attracting an average of 26,000 customers weekly. This prime location benefits from a diverse mix of established businesses including McDonald's, Pizza Hut, Great Clips, Papa Murphy's, Amana Care, Sun Tan City, Athletico Physical Therapy, and T-Mobile, ensuring high visibility and foot traffic. The property itself features ample parking with approximately 600 stalls, providing convenient access for customers. The restaurant space includes a small front dining area, a sizable kitchen equipped with a roughly 10-foot hood, and a walk-in cooler and freezer, all remaining in place. This layout is ideally suited for a restaurant focusing on high-volume takeout and delivery services. The property is zoned C-3 and consists of three buildings on a single parcel (APN: M1508-17J). This is a single-tenant space within a larger commercial development, offering a turnkey opportunity for a restaurant operator seeking a high-traffic, established location. The property is ready for immediate occupancy.
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
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.