3915 California Rd Fort Wayne, IN 46818
This exceptional 4.74-acre commercial land parcel presents a unique investment opportunity in Fort Wayne, Indiana. Located at the highly visible northeast corner of West California Road and Hillegas Road, this property boasts excellent visibility and accessibility. The C-3 zoning allows for a wide range of commercial uses, providing flexibility for diverse development plans. All utilities are conveniently located on-site, simplifying infrastructure needs. The property includes an existing horse barn, though the accompanying house is uninhabitable. The parcel's dimensions are approximately 691' x 457' x 460' x 379'. Its strategic location offers easy access to I-69, less than half a mile away, ensuring convenient transportation links. The asking price for this prime commercial land is $899,900. The Allen County parcel number is 02-07-29-230-023.000-073. This property is ideal for entrepreneurs and developers seeking a prominent location with significant development potential. The average rent per unit in similar properties is $189,852. This substantial acreage offers a rare chance to establish a thriving commercial venture in a high-traffic area.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
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