7722 Aboite Center Rd Fort Wayne, IN 46804
This exceptional 28.32-acre development site in Fort Wayne, Indiana, presents a unique investment opportunity. Located at 7722 Aboite Center Road (APN 02-11-13-351-013.000-075), this vacant property is zoned AR (Low Intensity Residential) and offers significant potential for various commercial ventures. The site boasts convenient access to a major traffic corridor (Aboite Center Road, with over 13,000 vehicles per day) and is less than half a mile from Lutheran Hospital, a key economic driver in the area. Its proximity to US 24/West Jefferson Blvd (31,000+ VPD) further enhances its accessibility and visibility. The property includes two single-family homes, two barns, and a pole building. The location benefits from strong demographics, including a median household income of $66,368, significantly above the metro area average, and a 10% population increase within a 5-mile radius since 2010. Water and sewer are available along Aboite Center Road. This prime location is ideal for multifamily, senior living, hospitality, retail, entertainment, or corporate campus development. The asking price is $2,012,700. This family-owned property comprises two parcels totaling 28.32 acres, offering substantial development potential in a thriving and affluent community within the award-winning Southwest Allen County School District.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.