229 W Berry St - Office FOR SALE


Fort Wayne, IN 46802- Downtown Fort Wayne
$3,250,000 USD
260-424-8448
229 W Berry St, Fort Wayne, IN for Sale
$3,250,000 USD
Office - FOR SALE
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null | Request Cap Rate

229 W Berry St
Fort Wayne, IN 46802
Downtown Fort Wayne


HIGHLIGHTS

  • 24,438 SF
  • Historic Building
  • Central Downtown Corridor

OVERVIEW

229 W Berry Street is a Historic Brick Office Building located in the heart of the Harrison Street Corridor in beautiful downtown Fort Wayne. This downtown gem consists of five stories and a basement for storage, totaling 24,438 square feet. The property is being offered as a fully occupied asset with below-market rents, presenting a significant opportunity for revenue growth and increased property value. This office building is adjacent to Ash Skyline Plaza and across from the newly constructed Star Bank Headquarters. It’s within easy walking distance of numerous amenities, including The Landing, Grand Wayne Convention Center, Allen County Courthouse, Promenade Park, Parkview Field, popular restaurants, office buildings, and Fort Wayne’s Visitors Center. During the week, over 30,000 employees work in the area, and the nearby Grand Wayne Convention Center hosts more than 300 events each year. Situated in the thriving Harrison Street Corridor, which has seen significant infrastructure and commercial development, recent projects in the area includes The Bradley boutique hotel, remodeled Randall Lofts, the redevelopment of The Landing District, and Promenade Park at the Riverfront. 229 West Berry is a well-maintained 5-story, 24,438 SF brick historic office building with a good mix of long-term tenants. It is being offered as a 100% occupied and stabilized asset with the opportunity to increase revenue by taking advantage of below-market rents. This centrally located building is in downtown Fort Wayne’s central business district, also known as The Gateway District, as it leads to many major business and residential areas.

FOR SALE DETAILS

PRICE

$3,250,000 USD

PRICE/SF

$88 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

5

BUILDING CLASS

C

YEAR BUILT

1954

SPRINKLERS

-

PARKING SPACES

48

LAND DETAILS

LAND ACRES

0.41 AC

LAND SF

17,860 SF

ZONING

DC

APN/PARCEL ID

02-12-02-452-001.000-074

ASK ABOUT THIS PROPERTY

Andrew EckertSturges Property GroupMore Info
260-424-8448

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Andrew EckertSturges Property GroupMore Info
260-424-8448

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.