Catylist ID:
#30701151
2020-2024-2030 Fairfield Avenue
Retail-Commercial
for Sale
| Catylist Listing ID: | 30701151 |
| Property Subtypes: | Free-Standing Building, Mixed Use, Restaurant, Retail-Pad, Other |
| Building Size (RSF): | 8,432 SF |
| Gross Land Area: | 0.06 - 0.31 Acres |
| Sale Price: | $172,000 - 220,000 |
| Unit Price: | $20.40 - 26.09 PSF |
| In Opportunity Zone? | Yes |
| Property Use Type: | Vacant/Owner-User |
| Usable Size (USF): | 8,432 SF |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 5/30/2023 |
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. Address 2020 Fairfield has an unfinished apartment on second floor as well as an unattached 942 SF carriage house in rear. Address 2024-2030 also has an unfinished apartment on second floor and includes a 0.17 acre parking lot. Street level spaces are perfect for retail or office use, and upper levels can be income-producing apartments. Both 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 a designated Historic District and in the Opportunity Zone. Prices have been lowered on both buildings. Ask Broker for details. Offering consists of three parcels: 02-12-11-327-024.000-074; 02-12-11-327-025.000-074; and 02-12-11-327-026.000-074. 2020 Fairfield priced at $172,000 2024-2030 Fairfield priced at $220,000 |
Attachments & Media
Additional Details
| Nearest MSA: | Fort Wayne |
| County: | Allen |
| Submarket Type: | Historic District |
| 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 |
| Largest Nearby Street: | Taylor Avenue |
| Traffic/Vehicle Count: | 11,350 |
| Tenancy: | Multiple Tenants |
| Total Number of Buildings: | 2 |
| Number of Stories: | 2 |
| Property Condition: | Good |
| Year Built: | 1899 |
| Year Renovated: | 2021 |
| Roof Type: | Flat |
| Construction/Siding: | Brick |
| Exterior Description: | Facade rehabilitation completed in 2021 |
| Total Parking Spaces: | 25 |
| Parking Type: | Surface |
| Parking Description: | 25-30 in parking lot as well as street parking |
| Interior Description: | Interior has been completely gutted and is in "dry box" condition |
| Lot Depth: | 146 |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 17,962 | 105,003 | 180,291 |
| Median Age: | 31.32 | 32.48 | 33.77 |
| Households: | 6,896 | 40,568 | 73,033 |
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