FOR SALE - LoopNetimages4.loopnet.com/.../document.pdf · Former Use Restaurant, art gallery, and apartments Sale Information Sale Price $750,000 Terms Cash at Closing Annual Taxes

OVERVIEW : 1122-1126 BROADWAY

Available Space: 18,320 SF 1st Floor: 6,460 SF 2nd Floor: 7,025 SF Basement: 4,835 SF

Acreage: 0.193 Acres

Beautiful, newly redeveloped, fully operating restaurant business and building available

Potential to acquire adjacent two properties for additional parking.

Additional investment income with rental apartments

3-way liquor permit, furnishings and all equipment included.

Sale Price: $750,000

RESTAURANT/INVESTMENT FOR SALE

1122-1126 BROADWAY STREET FORT WAYNE, INDIANA

1021 S. Calhoun Street | Suite One Fort Wayne, IN 46802 (260) 407-0900 | www.bndcommercial.com

David W. Nugent, CCIM, SIOR Direct: (260) 407-7113 Cell: (260) 704-3283 [email protected]











Storage

Dish

Kitchen

Mech

.

Women’s

RR

Bar Seating

Tenant Waiting

Dining

Patio

Men’s

RR

Walk-in

135’

115’

30’

35’

1st Floor





30’

35’

135’ 1

15’

2nd Floor



The information contained herein was obtained from sources we believe to be reliable. We cannot be responsible, however, for errors, omissions, prior sale, withdrawal from the market or change in price. Broker makes no representation as to the environmental or structural condition of the property and recommends independent investigation by all parties.



Property Highlights

Parcel Number 01-12-11-109-006.000-074

Address 1122-1126

City / State / Zip Fort Wayne / IN / 46802

Sale / Lease Sale

Total Building Size 18,320

Land Size 0.193 acres

Zoning Urban Corridor

Parking Potential to acquire adjacent two properties for additional parking

Traffic Count 16,400

Nearest Highway US 27

Distance to Interstate 6.5 miles to I-69

Former Use Restaurant, art gallery, and apartments

Sale Information

Sale Price $750,000

Terms Cash at Closing

Annual Taxes $8,068.56

Tax Year / Pay Year 2016 / 2017

Utilities

Company

Gas NIPSCO

Electric AEP

Water / Sewer City of Fort Wayne



The information contained herein was obtained from sources we believe to be reliable. We cannot be responsible, however, for errors, omissions, prior sale, withdrawal from the market or change in price. Broker makes no representation as to the environmental or structural condition of the property and recommends independent investigation by all parties.



Building Information

Construction Type Wood frame, brick exterior

Construction Years 1880,1985

Number of Floors Two plus basement

Roof Built up

Foundation Basement

Heating System Natural gas

Air Conditioning Central air

Electric Standard service

Signage On building façade

Sprinkler System None

Security System None

Building Exclusions None

Comments

Property could be used as restaurant, retail, office, and 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 for additional income.

Many significant renovations have been made recently

New HVAC system and roof repairs (5-year warranty)

Two years left on original roof warranty

Interior has beautiful historic ambience

Within walking distance to all downtown Fort Wayne entertainment and amenities

Easy access to shopping, financial institutions, government offices, and numerous restaurants

Located in downtown revitalization area

Potential to acquire adjacent two properties to the south to provide additional parking



Documents

FOR SALE - LoopNetimages4.loopnet.com/.../document.pdf · Former Use Restaurant, art gallery, and apartments Sale Information Sale Price $750,000 Terms Cash at Closing Annual Taxes