6382 Jefferson BlvdFort Wayne, IN 46804

Property Details for 6382 Jefferson Blvd

Year built

1978

Construction

TYPE NOT SPECIFIED

Lot size

18.88 AC

Property size (Sq ft)

143,297 SF

Property type

Retail properties

Property subtype

Strip malls

APN

02-12-18-101-003.000-074

APU

21218101003000074

Description

Covington Plaza presents a unique opportunity for businesses seeking high-visibility retail space. This 182,866 square foot neighborhood center is strategically located in a major retail corridor, adjacent to affluent residential communities. The center boasts a robust tenant mix, featuring established businesses like The Fresh Market, Office Depot, and Planet Fitness, ensuring consistent foot traffic and brand synergy. Five spaces are currently available, ranging from 1,010 to 6,998 square feet, offering flexibility for various business needs. The minimum divisible space is 1,010 square feet, while the maximum contiguous space available is 1,848 square feet. A total of 3,926 square feet is currently vacant. The property benefits from excellent access via West Jefferson Boulevard, experiencing high daytime and nighttime traffic counts. Its proximity to major highways and significant employment centers further enhances its appeal. This thriving retail environment, anchored by well-known national brands and complemented by a selection of local boutiques and restaurants, provides an ideal location for businesses seeking strong visibility and a robust customer base. The property's location ensures exposure to a diverse demographic, benefiting from both high residential density and significant commuter traffic. This is an exceptional opportunity to establish or expand your business in a dynamic and successful retail center.

• CAP approach

  CAP return

  Valuation

  6%

  $39,618,620

  6.5%

  $36,571,036

  7%

  $33,958,820

• Comparable approach

  Method

  Valuation

  Relative Method

  $19,607,458

  Geo Method

  $7,110,225

• Alternative Use

  Use

  Valuation

  Residential

  $30,849,036

  Hospitality

  $28,257,552

  Educational

  $23,509,952

  Medical

  $24,318,494

  Retail

  $36,571,036

Location Insight

City

Fort Wayne

County

Allen

State

Indiana

Latitude

41.0577

Longitude

-85.2254

CBSA code

23060

CBSA name

FORT WAYNE, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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