Jefferson Crossing

Retail-Commercial for Sale
Catylist Listing ID: 30843675
Property Subtypes: Street Retail
Building Size (RSF): 59,979 SF
Gross Land Area: 4 Acres
Sale Price: $4,900,000
Unit Price: $81.70 PSF
Property Use Type: Investment
Building Name: Jefferson Crossing
Usable Size (USF): 900 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/20/2023

Overview / Comments

MOTIVATED SELLER | PRICE REDUCED!
3 Million dollars in recent updates to the property
Lots of foot traffic due to the mix of anchor tenants
High-traffic area in affluent southwest Fort Wayne
700 feet of frontage on W. Jefferson Blvd.
12 new rooftop units installed in 2019
New roof in 2018
Parking lot repaved in 2018
Average household income is over $75,000

Additional Details

Nearest MSA: Fort Wayne
County: Allen
Tax ID/APN: 021218129002000076
Zoning: COMMERCIAL
Retail Clientele: General, Family, Business, Recreation
Property Located Between: Getz Rd
Property Visibility: Good
Largest Nearby Street: W. Jefferson Blvd.
Feet of Frontage: 700
Traffic/Vehicle Count: 33,458
Highway Access: US 24
Area Description: Desired southwest location
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 1977
Year Renovated: 2016
Construction/Siding: Block
Parking Type: Surface
Parking Description: Common
Heat Type: Natural Gas
Heat Source: Central
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,261 45,167 119,668
Median Age: 38.64 37.99 35.58
Households: 3,081 18,697 48,400

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