514 Washington BlvdFort Wayne, IN 46802

  • Land
  • 4,772 SF
For Sale
$185,000 View listing

Property Details for 514 Washington Blvd

Year built
1900
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
0.22 AC
Property size (Sq ft)
4,772 SF
Property type
Land
Property subtype
Commercial land
APN
02-12-01-352-004.000-074
APU
21201352004000074

Description

This exceptional 0.32-acre commercial land parcel is situated at 514 E Washington Blvd in the heart of revitalized downtown Fort Wayne, Indiana (zip code 46802). The property boasts a highly visible location just west of the expanding Indiana Tech campus, ensuring excellent exposure and accessibility. Zoned DE, it offers versatile development potential for multi-tenant residential or commercial projects. Its prime location provides easy walking access to a full range of downtown amenities and offices, making it an attractive proposition for a variety of uses. The lot size is precisely 0.32 acres, with a land value of $578,125 per square foot. The property's address is clearly identified as 514 E Washington Blvd, Allen County, and its location is further confirmed by its APN: 02-12-01-352-004.000-074. Given its size, location, and zoning, this property presents a unique opportunity for investors seeking a high-impact development project in a thriving urban environment. The asking price for this exceptional downtown Fort Wayne property is $185,000. This represents a significant opportunity to capitalize on the ongoing growth and revitalization of this dynamic area.

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,027,318
    Hospitality
    $941,018
    Educational
    $782,916
    Medical
    $809,842
    Retail
    $1,217,869
514 Washington Blvd, Fort Wayne, Indiana

Location Insight

City
Fort Wayne
County
Allen
State
Indiana
Latitude
41.0781
Longitude
-85.1318
CBSA code
23060
CBSA name
FORT WAYNE, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$2,103
$78,000
-
$78,000
-
$78,000
-
$78,000

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