5916 Covington Road

Retail-Commercial for Sale
Catylist Listing ID: 30008440
Property Subtypes: Convenience Store, Day Care Facility, Free-Standing Building, Garden Center, Mixed Use, Post Office, Restaurant, Retail-Pad, Tavern/Bar/Nightclub, Vehicle Related, Other
Building Size (RSF): 8,484 SF
Gross Land Area: 0.89 Acres
Sale Price: $1,050,000
Unit Price: $123.76 PSF
Property Use Type: Vacant/Owner-User
Building Name: Ream Steckbeck Building
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/15/2017

Overview / Comments

Great investment opportunity! Beautifully remodeled commercial building with up to three separate suites and 944 SF common area. Property has excellent visibility with two points of ingress/egress. Traffic counts are 36,500 VPD. Property has 52 paved parking spaces along with both building and pylon signage. Single or multiple tenancy possible. Property is in excellent condition and handicap accessible. Property is also available for lease - see Brochure.

Additional Details

Nearest MSA: Fort Wayne
County: Allen
Taxing Authority: Allen Co
Tax ID/APN: 02-12-07-455-001.000-074
Zoning: CM-3
Retail Clientele: General, Family, Business, Traveler, Tourist, Convention, Other
Property Visibility: Excellent
Largest Nearby Street: W. Jefferson Blvd.
Feet of Frontage: 40
Traffic/Vehicle Count: 36,500
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Excellent
Year Built: 1974
Year Renovated: 2016
Total Parking Spaces: 52
Parking Type: Surface

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,267 45,070 129,221
Median Age: 35.83 37.41 35.03
Households: 2,617 18,925 52,161


Photograph of Listing Agent

Philip J. Knapke

BND Commercial, LLC ICREX Member
© Copyright Indiana Commercial Board of REALTORS┬«. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Indiana Commercial Board of REALTORS┬« nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.