2018 Fairfield Avenue

Retail-Commercial for Sale
Catylist Listing ID: 30748992
Property Subtypes: Restaurant, Retail-Pad, Street Retail, Tavern/Bar/Nightclub, Other
Building Size (RSF): 2,793 SF
Gross Land Area: 0.07 Acres
Sale Price: $395,000
Unit Price: $141.42 PSF
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Usable Size (USF): 2,793 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/18/2021

Overview / Comments

Unique offering for Investor or Owner/User in downtown Fort Wayne only minutes from new Electric Works Campus project, Promenade Park, Parkview Baseball Field, as well as all downtown restaurants and amenities. This 2,793 SF building has been completely redeveloped with new roof, thermopane glass windows, HVAC and central air systems, high capacity hot water heater, electrical and fire alarm systems, polished concrete floors, updated bathrooms and new kitchenette. Exterior facade completely updated as well. Most recent tenant has a nail and hair salon (equipment does not stay), and space meets all current code requirements for a hair and nail salon. Neighboring businesses include Shigs ‘n Pit BBQ Restaurant and Euphoric Salon and Spa. Property is located in the Opportunity Zone and is eligible for SEED tax incentives and benefits.
See our listing at 2020-2030 Fairfield for additional buildings next door available for sale as well.

Additional Details

Nearest MSA: Fort Wayne
County: Allen
Tax ID/APN: 02-12-11-327-023.000-074
Zoning: C-3
Retail Clientele: General, Family, Business, Other
Property Visibility: Excellent
Feet of Frontage: 21
Traffic/Vehicle Count: 11,350
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 2,793 SF
Property Condition: Excellent
Year Built: 1950
Year Renovated: 2018
Roof Type: Flat
Construction/Siding: Brick
Parking Type: Surface, Other
Parking Description: street parking
Lot Frontage: 21
Lot Depth: 144
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 17,962 105,003 181,775
Median Age: 31.32 32.48 33.93
Households: 6,896 40,568 73,845


Photograph of Listing Agent

David W. Nugent

BND Commercial, LLC ICREX Member
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