918 Lincoln Hwy New Haven, IN 46774
- Strip malls
- 65,000 SF
- 7.61 lot acres
Current Use by Public Records
- Strip malls
Property Details for 918 Lincoln Hwy
- Year built
- 1967
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 7.61 lot acres
- Property size
- 65,000 SF
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- 02-13-10-277-005.002-041
- APU
- 21310277005002041
Description
This exceptional investment opportunity presents a 65,368 square foot, Class B shopping center located at 918 Lincoln Hwy W, New Haven, IN 46774. Situated on a 6.43-acre lot at the intersection of SR-930 and Brockwood Drive, this two-building, single-story center boasts ample parking and features 12 suites, currently with 5,089 square feet of vacant space available for lease. Built in 1967 and extensively renovated in 2021, the property is zoned I2 and benefits from high traffic volume along SR-930. The center is strategically located within New Haven's primary retail area, minutes from Downtown Fort Wayne, and enjoys proximity to major retailers like Big Lots!, Dollar Tree, and Surplus City, ensuring a steady flow of customers. Available spaces range from 1,900 to 30,000 square feet, providing flexibility for a variety of retail tenants. The property's location within a vibrant commercial community, complemented by nearby restaurants and banks, creates an attractive environment for businesses to thrive. The APN is 02-13-10-277-005.002-041. This is a rare opportunity to acquire a well-maintained, high-traffic retail center in a thriving Indiana market.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $890,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,375,000
- 6.5%
- $1,200,000
- 7%
- $1,355,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,460,000
- Geo Method
- $1,200,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,110,000
- Retail
- $1,220,000
- Mixed-Use
- $1,325,000
- Hospitality
- $1,430,000
- Educational
- $1,295,000
- Residential Income
- $1,290,000
- Energy
- $1,275,000
- Income-Based Land
- $1,100,000
- Food Service
- $1,440,000
Location Insight
- Map
- Local Demand
- City
- New Haven
- County
- Allen
- State
- Indiana
- Longitude
- -85.0419
- Latitude
- 41.071
- CBSA code
- 23060
- CBSA name
- FORT WAYNE, IN METROPOLITAN STATISTICAL AREA
