Office Building For Sale off North Clinton

Office for Sale
Catylist Listing ID: 30806324
Property Subtypes: Office Building
Building Size (RSF): 9,934 SF
Gross Land Area: 1.97 Acres
Sale Price: $650,000
Unit Price: $65.43 PSF
Ceiling: 9 ft.
Property Use Type: Vacant/Owner-User
Building Name: Northeast Orthopedic
Class of Space: Class B
Usable Size (USF): 9,934 SF
Core Factor: 100%
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/10/2022

Overview / Comments

9,934sf stick built office with 8478sf on the main floor and 1456sf on the second floor. Sale also includes the vacant lot (0.95ac) to the east. Total of 1.97acres.

Financials

Finance Data Year 2015
Real Estate Taxes - Annual($) $14,206 (Annual)
Tax Value Land $111,100
Tax Value Improvements $348,100
Assessed Value - Total($) $459,200 (Annual)
Finance Data Year 2013
Real Estate Taxes - Annual($) $14,293 (Annual)
Tax Value Land $111,100
Tax Value Improvements $353,600
Assessed Value - Total($) $464,700 (Annual)
Finance Data Year 2011
Real Estate Taxes - Annual($) $17,895 (Annual)
Tax Value Land $111,100
Tax Value Improvements $485,400
Assessed Value - Total($) $596,500 (Annual)
Finance Data Year 2010
Real Estate Taxes - Annual($) $17,625 (Annual)
Tax Value Land $111,100
Tax Value Improvements $476,400
Assessed Value - Total($) $587,500 (Annual)
Finance Data Year 2009
Real Estate Taxes - Annual($) $18,936 (Annual)
Tax Value Land $111,100
Tax Value Improvements $551,000
Assessed Value - Total($) $662,100 (Annual)

Additional Details

Nearest MSA: Fort Wayne
County: Allen
Submarket/Township: Washington
Submarket Type: Suburban
Taxing Authority: Allen County
Tax ID/APN: 02-07-24-404-009.000-073
Zoning: C1, PROFESSIONAL OFFICE
Property Located Between: Off North Clinton (east side of road) just north of Northcrest Shopping Center
Property Visibility: Fair
Highway Access: I69 is less than 2 miles away easy access to downtown FTW easy access to US930/Coliseum Blvd.
Airports: Fort Wayne International 15 miles
Site Description: level, partially wooded 1.02 acre site. additional land is heavily wooded and 0.95acres
Area Description: Near northeast side of the City. Close to shopping, office, medical and retail
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 8,478 SF
Year Built: 1978
Year Renovated: 2005
Roof Type: Gable
Construction/Siding: Wood Frame
Exterior Description: Brick and wood siding
Parking Ratio: 3.5 (per 1000 SF)
Parking Type: Surface
Parking Description: Private lot with asphalt paved 35 spaces
Total Parking Spaces: 35
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: Other
Interior Description: Private offices, conference rooms, open bullpen areas. Has multiple exterior doors so the property could be divided and leased to separate tenants.
Zoning Description: C1, professional office
Part of Planned Development?: Yes
In Flood Plain?: Yes
Lot Frontage: 175
Lot Depth: 300
Water Service: Municipal
Sewer Type: Municipal
Easements: Electric Lines, Ingress/Egress, Utilities
Easements Description: See broker
Land Ownership: Corporate owned
Legal Description: 5-24-2-098 W 175 OF E 621 OF FRL S 307 OF N 1326 FT W1/2 SE1/4 SEC 24

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,685 89,278 191,512
Median Age: 29.37 34.78 35.15
Households: 3,736 37,178 76,577

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