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1111 S Clinton Street, Fort Wayne, IN

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1111 S Clinton Street

Fort Wayne, IN 46802 - Downtown Fort Wayne Submarket

Property Type:Retail Sub Type:Fast Food Status:Existing Year Built:1939
Building Size:5,388 SF Land Area:.29 AC (12,632 SF)
For Sale Price:$1,084,000 Price/SF:$201.19
Cap Rate:5.25 %
Parking:Free Surface spaces are available; Ratio of 2.78/1,000 SF
Features:Drive Thru

Possible downtown development community. Downtown's busiest intersection. Tenant in Cleaner's building.

Sale Notes:
Sale Price: $1,084,000

The subject property is located at the heavily travelled southeast corner of South Clinton Street (21,000 AADT) and East Jefferson Boulevard (22,500 AADT) in the heart of Downtown Fort Wayne. This is a dense infill location with a robust population of 98,041 in a three mile radius. One block west of the property is the 225,000 square foot Grand Wayne Convention Center, with two hotels adjoining the convention center - the nine floor, 244 room Hilton Hotel and the six floor, 250 room Courtyard by Marriot. There has been significant development occurring in the immediate area within the past decade, which has been led by the $90+ million downtown revitalization project. Leading the way of this revitalization is Harrison Square, which features a multi-use baseball stadium (Parkview Field home of the TinCaps minor league baseball team), retail shops, restaurants, condominiums, and more. The final phase of the development was The Harrison, an upscale retail and residential complex totaling $18.5 million. This location is prime for national food users such as Subway, as there is a constant influx of travelers to nearby attractions and events hosted by the Grand Wayne Convention Center.

Fort Wayne is Indiana' s second largest city and the county seat of Allen County. The city has a population of over 250,000 residents, while Allen County has a larger population of 363,014. As the principal city of the Fort Wayne metropolitan area, the combined population of the three county MSA amounts to 544,019. Fort Wayne is located along Highway 24, nearly equidistant from Chicago, Cincinnati, and Detroit. It is only 18 miles west of the Ohio Border and 50 miles south of the Michigan border.

*This property is listed in conjunction with Indiana-licensed real estate broker Coldwell Banker Roth Wehrly Graber
-licensed real estate broker Coldwell Banker Roth Wehrly Graber

Newmark Cornish & Carey - Maffia Team
Putnam Daily
(415) 445-5107

Mike Maffia
(415) 445-5144

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