7405/7409 Wayne Trace, Fort Wayne, IN 46816
- $789,900
- 4
- BD
- 2
- BA
- 2,736
- SqFt
- List Price
- $789,900
- Status
- ACTIVE
- MLS#
- 202606096
- Days on Market
- 153
- Style
- Two Story
- Year Built
- 1920
- Days On Market
- 153
- Bedrooms
- 4
- Bathrooms
- 2
- Half-baths
- 1
- Living Area
- 2,736
- Above grade
- 1824
- Township
- Adams
Property Description
Unique opportunity to acquire a 1.27-acre C2 zoned property featuring both a 2,947 SF restaurant/bar and a 2,736 SF, 4-bedroom residential home, all positioned at 7405/7409 Wayne Trace in Fort Wayne, Indiana. The commercial building operates as an income-producing bar/restaurant, while the residential home offers additional rental income owner-occupant flexibility, or Multifamily redevelopment. The home has received recent updates including renovated kitchen and bathrooms, and both the house and bar feature new roofs, reducing near-term capital expenses. Strategically located next to the new Google Data Center, this property is ideally positioned to benefit from continued area growth, increased employment density, and long-term appreciation. Zoned C2, the site allows for a wide range of commercial uses, offering investors future redevelopment potential or owner/users the ability to operate their business while generating supplemental income from the residence. This is a rare mixed-use opportunity combining stable income, with some updates already completed/ room for value add, and strong upside potential in a rapidly expanding corridor.
Additional Information
- Acres
- 1.78
- Taxes
- $1,800
- Lot Description
- Corner, 0-2.9999
- Garage Description
- Attached
- Heating
- Gas, Forced Air
- Cooling
- Central Air
- Appliances
- Dishwasher, Refrigerator, Washer
- School District
- East Allen County
- Elementary School
- Southwick
- Middle School
- Paul Harding
- High School
- New Haven
- Agent Name
- Jacob Wagner
Listing courtesy of Jacob Wagner from Coldwell Banker Real Estate Group. Cell: 317-448-8852
IDX information is provided by the Indiana Regional MLS and is exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.
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