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Property profile & analytics
OFF-MARKET
Industrial properties

2712 Covington Rd Fort Wayne, IN 46802-6912

2,048 SF 2.97 ac lot Built 1977
Individually Owned 6-yr Hold Absentee Owner Free & Clear
Property ID
US31-0880158
Property summary
AI-generated overview

This exceptional investment opportunity presents a fully operational salvage yard located at 2712 Covington Road, Fort Wayne, Indiana, 46802-6912. The property encompasses a substantial 2.97 acres and boasts a total square footage of 129,373. Currently operating as a thriving salvage business, the sale includes all existing assets, inventory, and equipment on the premises. This includes approximately 150 vehicles. The property is zoned specifically for salvage operations, including dismantling auto parts and subsequent sales. This zoning provides a clear path for continued operation or potential redevelopment within the existing framework. The asking price for this turnkey operation is $475,000. Given the size of the lot, the existing business, and the favorable zoning, this presents a rare opportunity for investors seeking a profitable venture in the automotive salvage industry. The property's location in Allen County, Fort Wayne, offers convenient access to major transportation routes and a strong local market. Serious inquiries are encouraged to explore this unique investment opportunity further.

Property profile
Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1977
Construction WOOD
Total area 2,048 SF
Lot 2.97 ac (129,373 SF)
APN 02-12-09-476-004.000-074
UPID US31-0880158
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Kevin Kanyuh · 6 yrs held
Kevin Kanyuh
since 2019
1 recorded transaction
2019
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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