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112 E Masterson Ave
Fort Wayne, IN 46803
Downtown Investment · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Development opportunity to historic building
- Downtown Core is within a "opportunity zone" offering city incentives
- Property includes 2-stories and finished basement
- Walking distance to numerous downtown attractions
EXECUTIVE SUMMARY
Introducing 112 E Masterson Ave, Fort Wayne, a prime 5,997 SF building with endless potential. Built in 1902 and zoned C-3 (General Commercial), this property offers an excellent value-add opportunity, perfectly suited for various uses including event center, wedding venue, dining, and bar or lounge. Boasting a sought-after location in the Downtown Core area, the property enjoys outstanding accessibility and visibility, situated within walking distance of key attractions. With the added bene?t of being eligible for "Opportunity Zone" incentives, this property represents a compelling investment opportunity in the vibrant heart of Fort Wayne.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Building Size
5,594 SF
Building Class
B
Year Built/Renovated
1902/1954
Price
$200,000
Price Per SF
$35.75
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.62
Lot Size
0.21 AC
Zoning
C-1 - Commercial
Parking
6 Spaces (1.07 Spaces per 1,000 SF Leased)
Frontage
152’ on East Masterson Avenue
AMENITIES
- Corner Lot
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 02-12-11-284-001.000-074 | Improvements Assessment | $161,500 |
| Land Assessment | $13,700 | Total Assessment | $175,200 |
PROPERTY TAXES
Parcel Number
02-12-11-284-001.000-074
Land Assessment
$13,700
Improvements Assessment
$161,500
Total Assessment
$175,200
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