2020-2030 Fairfield Avenue

Retail-Commercial for Sale
Catylist Listing ID: 30701151
Property Subtypes: Free-Standing Building, Mixed Use, Restaurant, Retail-Pad, Other
Building Size (RSF): 9,374 SF
Gross Land Area: 0.37 Acres
Sale Price: $195,000 - 425,000
Unit Price: $20.80 - 45.34 PSF
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Usable Size (USF): 9,374 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 2/22/2021

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 offering consists of (2) two-story buildings, one with an unattached 942 SF carriage house and one with an 0.17 acre parking lot. Buildings may be purchased separately or combined for best pricing. Street level spaces are perfect for retail or office, and upper levels were income-producing apartments. Both buildings are in "dry box" condition and ready for a new owner's remodeling ideas. 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. Ask Broker for details.
Property consists of 3 parcels:02-12-11-327-024.000-074; 02-12-11-327-025.000-074; and 02-12-11-327-026.000-074.

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
Traffic/Vehicle Count: 11,350
Tenancy: Multiple Tenants
Total Number of Buildings: 2
Number of Stories: 2
Year Built: 1899
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: 110
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

Contact

Photograph of Listing Agent

David W. Nugent

BND Commercial, LLC ICREX Member
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