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Gateway Plaza 1421-1575 Goshen Ave 178,102 SF 76% Leased Retail Building Fort Wayne, IN 46808 $8,900,000 ($49.97/SF)
Investment Highlights
- Lot size - ± 20.26 acres
- Ingress / Egress - Full signalized access at Goshen Ave & Harvard Blvd
- Signage - Multi-tenant pylon, secondary monument, building-mounted signage
- Zoning - SC
- Utilities - Municipal Sewer and Water
- Parking - ± 350 - 370 (~7.5:1000 SF)
Executive Summary
Contact Brokers for a copy of the Offering Memorandum with financials.
The property occupies a 20.26-acre lot within an infill commercial corridor on Fort Wayne’s northwest side, where parcels of similar scale are increasingly scarce. Its location on Goshen Avenue, only 3/4 of a mile south of Coliseum Boulevard, places it within a well-established commercial node that benefits from consistent daily traffic, legacy retail patterns, and proximity to downtown, highway access, and residential neighborhoods that favor convenience-oriented destinations. The asset provides in-place income with a diverse tenant mix while offering meaningful redevelopment potential.
Flexible lease structures support site reconfiguration, including selective demolition of the south end cap without disrupting operations. Value-add potential exists in the ability to derive additional parcels for sale or ground lease from the 2-3 acre divisible outlot. Upon capital investment, there is potential to boost below-market rents, improve operational efficiencies, and modernize the center and improve curb appeal.
The property occupies a 20.26-acre lot within an infill commercial corridor on Fort Wayne’s northwest side, where parcels of similar scale are increasingly scarce. Its location on Goshen Avenue, only 3/4 of a mile south of Coliseum Boulevard, places it within a well-established commercial node that benefits from consistent daily traffic, legacy retail patterns, and proximity to downtown, highway access, and residential neighborhoods that favor convenience-oriented destinations. The asset provides in-place income with a diverse tenant mix while offering meaningful redevelopment potential.
Flexible lease structures support site reconfiguration, including selective demolition of the south end cap without disrupting operations. Value-add potential exists in the ability to derive additional parcels for sale or ground lease from the 2-3 acre divisible outlot. Upon capital investment, there is potential to boost below-market rents, improve operational efficiencies, and modernize the center and improve curb appeal.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
178,102 SF
Building Class
B
Year Built/Renovated
1958/1998
Price
$8,900,000
Price Per SF
$49.97
Percent Leased
76%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.23
Lot Size
17.72 AC
Zoning
C-2 - Commercial
Parking
370 Spaces (2.08 Spaces per 1,000 SF Leased)
Frontage
551’ on Goshen Road
Amenities
- 24 Hour Access
- Dedicated Turn Lane
- Pylon Sign
- Security System
- Signage
- Signalized Intersection
- Tenant Controlled HVAC
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 02-07-34-201-001.000-073 | Improvements Assessment | $1,025,700 |
| Land Assessment | $886,000 | Total Assessment | $1,911,700 |
Property Taxes
Parcel Number
02-07-34-201-001.000-073
Land Assessment
$886,000
Improvements Assessment
$1,025,700
Total Assessment
$1,911,700
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Gateway Plaza | 1421-1575 Goshen Ave
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