1122 Broadway

Retail-Commercial for Sale
Catylist Listing ID: 29894855
Property Subtypes: Convenience Store, Free-Standing Building, Mixed Use, Restaurant, Tavern/Bar/Nightclub, Other
Building Size (RSF): 16,150 SF
Gross Land Area: 0.19 Acres
Sale Price: $750,000
Unit Price: $46.44 PSF
Property Use Type: Vacant/Owner-User
Building Name: The Phoenix Restaurant
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/14/2018

Overview / Comments

UNIQUE INVESTMENT OR OWNER/OPERATOR OPPORTUNITY! Property could be used as Restaurant, Office, or Retail as well as Rental Apartments. All restaurant equipment, furnishings, and 3-way liquor permit included. Building consists of 3 retail spaces, 2 apartments and a 3,000 SF loft space that could be converted to more apartments. Located on the edge of downtown Fort Wayne within walking distance to all local amenities and entertainment venues, shopping, financial institutions, governmental offices and numerous restaurants. Property located in the downtown revitalization area.

Additional Details

Nearest MSA: Fort Wayne
County: Allen
Taxing Authority: Allen Co
Tax ID/APN: 02-12-11-109-006.000-074
Retail Clientele: General, Family, Business, Traveler, Tourist, Convention, Other
Property Located Between: W. Jefferson Blvd. and Wilt Street
Property Visibility: Excellent
Largest Nearby Street: W. Jefferson Blvd.
Traffic/Vehicle Count: 16,800
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Good
Year Built: 1880
Year Renovated: 2013
Parking Type: Surface
Parking Description: Potential to acquire adjacent two properties to the south would provide additional parking
Zoning Description: Urban Corridor
Water Service: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 17,561 101,068 191,002
Median Age: 32.14 32.9 34.13
Households: 6,804 39,440 77,525
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