Flagship Retail Investment

Retail-Commercial for Sale
Catylist Listing ID: 30563577
Property Subtypes: Restaurant, Tavern/Bar/Nightclub
Building Size (RSF): 7,650 SF
Sale Price: $1,575,000
Unit Price: $205.88 PSF
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User, Business
Building Name: Wild Crab Cajun Seafood and Bar
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/31/2023

Overview / Comments

• Flagship retail in ideal zip code is available for sale and lease!
• Recent improvement build-out completed in 2014.
• High daily foot traffic and vehicle counts being located with Covington Plaza
• Ideal location along the W Jefferson Blvd retail corridor with clear street visibility
• High end demographics with 83,841 people within a 5 mile radius

Current Tenants

Tenant Business Name Wild Crab Cajun Seafood and Bar

Additional Details

Nearest MSA: Fort Wayne
County: Allen
Tax ID/APN: 02-12-18-127-002.000-074
Zoning: C-2
Property Located Between: W Jefferson Blvd (US 24) and Covington Rd
Property Visibility: Excellent
Largest Nearby Street: W Jefferson Blvd (US 24)
Traffic/Vehicle Count: 41
Area Description: Located at Covington Plaza (Building A) next to Goodwill and adjacent Covington Plaza with in the heart of the W Jefferson Blvd retail corridor
Tenancy: Single Tenant
Total Number of Buildings: 1
Property Condition: Good
Year Built: 1969
Year Renovated: 2014
Parking Type: Structure
Parking Description: 51 spaces with access to shared parking of an additional 56 spaces
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,261 45,167 114,728
Median Age: 38.64 37.99 35.76
Households: 3,081 18,697 46,504


Photograph of Listing Agent

Dennis Callison

ICREX Member
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