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: 11/28/2023

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

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

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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


Photograph of Listing Agent

David W. Nugent

BND Commercial, LLC ICREX Member
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