Commercial property southeast of downtown Fort Wayne

SELLS REGARDLESS OF PRICE! | TURNKEY PROPERTY! - FORMER ELCO TAP & HOTSEAT and GRILL | ZONED - CM2

2516 E. Pontiac St. Fort Wayne, Indiana 46803 United States

Wednesday, October 25th, 2017 @ 5:00 pm

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1,714sf commercial property sitting on 1.12+/- acre lot southeast of downtown Fort Wayne.
SELLS ABSOLUTE, NO RESERVE, SELLS REGARDLESS OF PRICE!
TURNKEY PROPERTY! - FORMER ELCO TAP & HOTSEAT and GRILL

Property Features: Zoned CM2, 14,000+ VPD, 40+ paved parking spaces and 200ft of road frontage w/ curb cut and signage.
Great southeast location on East Pontiac St., this property is across from Republic Services, minutes from the old Harvester Building and easy access to the SR930 cloverleaf.
Real Estate sells at 5:00 PM

SHOWINGS BY APPOINTMENT ONLY. Call Scheerer McCulloch @ 260.441.8636

Property Features

  • Main Dining Area:

    • 23’ x 29’
    • vinyl floors
    • 18ft wood bar area w/ approx. space for 10-12 bar stools
    • (5) draft spouts on back wall
    • (2) built-in cooler cabinets connected into the walk-in cooler
    • lighted ceiling fans & ceiling lights
    • waitress station & storage
    • plenty of behind bar storage

  • Kitchen Area:

    • 8’ x 23’
    • vinyl & rubber floors
    • Larkin stainless vent hood
    • wall mounted sink & stainless prep sink
    • ceiling lights
    • kitchen appliances - (2) stoves, fryer, Blogett warming oven, refrigerator
    • multiple prep tables (wood & stainless)

  • Prep Area:

    • 12’ x 12’
    • vinyl floors
    • access to 10’ x 16’ walk-in cooler
    • ceiling lights
    • utility closet
    • delivery service door

  • Office Area:

    • 10.5’ x 12’
    • vinyl floors
    • ceiling lights
    • plenty of built-in storage
    • access door to side of building

  • Mens & Women’s Bathrooms - Separate:

    • 5’ x 8.5’
    • tile floors
    • wall mounted sinks
    • ceiling lights
    • mirrors

  • Other Property Features:

    TAXES: $1,837.52 w/out exemptions (2016 p 2017)
    1,714sf of retail space
    Built in 1952
    • Allen County | Wayne Township | Lot Size: 1.12+/- acres (or) 200’ x 323’ | Zoned = CM2
    • Former Business: Elco Tap & Hotseat and Grill | Approx. 40+ Asphalt Paved Parking Lot
    • City Water | City Sewer | 14,000+ VPD Traffic | 200ft of Road Frontage w/ Cub Cut
    • Vinyl, Block & Limestone Exterior | Asphalt Shingle Roof | 200amp Service | Road Signage
    • Gas Forced Air Heating & Central Air Cooling | Whirlpool 40gal Gas Water Heater
    • Wired for Alarm System & Verizon Products | Multiple Entrances | Covered Front Entry

Real Estate Terms

Buyer Brokers welcome (contact auctioneer for details). $10,000 down day of auction, balance on closing. Buyer(s) to pay winning accepted bid price plus a 2.5% buyers premium (2.5% of winning bid) due at closing. Property sold absolute, no reserve, sells regardless of price. Property sold as-is, where-is. Property sold for cash. (The sale of this property may be financed; however, the sale of this property IS NOT CONTINGENT to financing approval). The information stated in this brochure are the opinions of the sellers, Scheerer McCulloch Auctioneers, Inc. and its agents, however, the decision to bid on the real estate property is entirely up to the individual bidders based on their own individual inspections, research and opinions. All statements, measurements, zoning and tax information are from reliable sources, however, are not guaranteed to be accurate. Statements made day of auction takes precedence over any and all previous oral or written matter. Real estate closing within 30 days of auction. *Real estate taxes: Real estate tax information stated indicates what the current owner is required to pay and is merely a guideline (the new buyer’s real estate taxes may or may not be the same as what the current owners is required to pay). Real estate taxes prorated to date of closing.