3901 Wayne Ave Fort Wayne, IN 46807-2257
This exceptional 18,315 square foot Class B executive office building presents a compelling investment opportunity in Fort Wayne, Indiana. Located at 3901 South Wayne Avenue, this two-story structure (plus basement) boasts excellent visibility and convenient access to the Fort Wayne International Airport via Rudisill Boulevard. Built in 1949, the property sits on a 0.82-acre lot (APN: 02-12-14-376-001.000-074) and is zoned R-1, offering multiple potential uses. Ample paved surface parking is situated directly adjacent to the building, providing convenient access for employees and clients. The asking price is $350,000, translating to a price per square foot of $19.11. The property's strategic location and substantial square footage make it an ideal choice for a variety of businesses. Note that additional land may be available to the south of the existing building, presenting further expansion possibilities. This property offers a rare combination of size, location, and potential, making it a highly attractive investment prospect.
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
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.