Gateway Plaza
Value-Add Investment Potential | Retail Strip Center For Sale
Marketing description
Contact brokers for a copy of the Offering Memorandum with financials.
The property occupies a 20.26-acre lot within an infill commercial corridor on Fort Wayne's northwest side, where parcels of similar scale are increasingly scarce. Its location on Goshen Avenue, only 3/4 of a mile south of Coliseum Boulevard, places it within a well-established commercial node that benefits from consistent daily traffic, legacy retail patterns, and proximity to downtown, highway access, and residential neighborhoods that favor convenience-oriented destinations.
The asset provides in-place income with a diverse tenant mix while offering meaningful redevelopment potential. Flexible lease structures support site reconfiguration, including selective demolition of the south end cap without disrupting operations. Value-add potential exists in the ability to derive additional parcels for sale or ground lease from the 2-3 acre divisible outlot. Upon capital investment, there is potential to boost below-market rents, improve operational efficiencies, and modernize the center and improve curb appeal.
Investment highlights
- Endless full or partial redevelopment options
- Prominent location with frontage to a prime corridor
- Limited competing large-format retail sites
- Across from nationally ranked Fort Wayne Zoo
- Below market rental rate
- Value-add investment potential
- In-place base rent supported by long-term anchor tenancy and diversified NNN tenant mix
- Offered free and clear of debt
- Income while preparing redevelopment plan
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