545 E State Blvd Fort Wayne, IN 46805
For Sale
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This exceptional 0.276-acre commercial lot is ideally situated at 545 E State Blvd in Fort Wayne, Indiana (Allen County, zip code 46805), offering unparalleled visibility and accessibility. Boasting a highly desirable C-3 zoning classification, this property presents a multitude of development opportunities. The lot features an existing curb cut, enhancing convenience and immediate usability. With a daily traffic count of 18,900 vehicles, this location ensures maximum exposure for any business. The property benefits from its proximity to a well-established Mexican restaurant and the Northside High School campus, guaranteeing a consistent flow of potential customers. Further enhancing its appeal, a new gas station and convenience store is under construction just half a block to the east, promising increased foot traffic and synergistic business opportunities. The APN is 02-07-36-160-014.000-074. This is a rare opportunity to acquire a prime commercial parcel in a thriving Fort Wayne location. The asking price is $199,000. Don't miss this chance to secure a valuable asset in a high-traffic area with diverse development potential.
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
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Property description
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.