Catylist ID:
#30701151
2018-2030 Fairfield Avenue
Retail-Commercial
for Sale
| Catylist Listing ID: | 30701151 |
| Property Subtypes: | Free-Standing Building, Mixed Use, Restaurant, Retail-Pad, Other |
| Building Size (RSF): | 11,225 SF |
| Gross Land Area: | 0.44 Acres |
| Sale Price: | $195,000 - 835,000 |
| Unit Price: | $17.37 - 74.39 PSF |
| In Opportunity Zone? | Yes |
| Property Use Type: | Vacant/Owner-User |
| Usable Size (USF): | 11,225 SF |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 5/9/2022 |
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 offering consists of (2) two-story buildings, one with an unattached 942 SF carriage house and one with an 0.17 acre parking lot, as well as a one-story, completely redeveloped building with 2,793 SF. Buildings may be purchased separately or combined for best pricing. Street level spaces are perfect for retail or office, and upper levels can be income-producing apartments. Two-story buildings are in "dry box" condition and ready for a new owner's remodeling ideas. Facade has been completely renovated. Neighboring businesses include Euphoric Salon and Spa and well known Shigs 'n Pit BBQ Restaurant. Property is eligible for a Federal Historic Rehabilitation tax credit of 20%, as well as SEED tax incentives and benefits. Property is located in the Opportunity Zone. Price is lowered to $820,000 if all three buildings purchased together. Ask Broker for details. Property consists of 4 parcels: 02-12-11-327-024.000-074; 02-12-11-327-025.000-074; 02-12-11-327-023.000-074; and 02-12-11-327-026.000-074. |
Attachments & Media
Additional Details
| Nearest MSA: | Fort Wayne |
| County: | Allen |
| Tax ID/APN: | 02-12-11-327-024.000-074 |
| Zoning: | C-3 |
| Retail Clientele: | General, Family, Business, Other |
| Property Located Between: | Walnut & Taylor Streets |
| Property Visibility: | Excellent |
| Feet of Frontage: | 141 |
| Traffic/Vehicle Count: | 11,350 |
| Tenancy: | Multiple Tenants |
| Total Number of Buildings: | 3 |
| Number of Stories: | 2 |
| Property Condition: | Good |
| Year Built: | 1899 |
| Year Renovated: | 2019 |
| Roof Type: | Flat |
| Construction/Siding: | Brick |
| Exterior Description: | Facade rehabilitation in process |
| Total Parking Spaces: | 25 |
| Parking Type: | Surface |
| Parking Description: | 25-30 in parking lot along with street parking |
| Interior Description: | Interior has been completely gutted and is in "dry box" condition |
| Lot Frontage: | 141 |
| Lot Depth: | 146 |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
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 |
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