2712 Covington Rd Fort Wayne, IN 46802-6912
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.