1026 High Street, Fort Wayne IN 46808 Photo 1
Listing Courtesy of Mary Sherer of Re/Max Ability Plus

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1026 High Street - SELLER SAYS BRING ME An OFFER!!! Positive cash flow on this Downtown close - CLASSIC neighborhood bar that's all dressed up and ready for a new owner. A place for friends and neighbors to meet for a drink since 1989; a very loyal customer base. The bar has a Type-210 liquor license for the City of Fort Wayne. (a similar license recently sold for $80,000.00) This turn key operation has had over $100,000 in improvements to the 2,000 square foot building, property, fixtures and equipment in 2014. The roof is approximately 5 years old. Improvements include: Interior paint, laminate flooring in bar area, behind bar floor, floor in walk-in-cooler, fire prevention system, fountain system, ice bins, compressor for keg cooler and more..... Equipment includes karaoke machine, bar stools, ansul system ($3,000+ value), juke-box, pool table, credit card system, popcorn machine, grill, oven, freezer, small fridge. There is a rear and front camera system; rear system approximately 1 year old and the front system is only 6 months old ($2,500 value). Occupancy permit is for 150 people but is currently set up to seat 75. The current owner/operator works 10 - 20 hours a week and wants to retire and move south. Profits could easily be increased by a full time owner/operator and or simply increasing the limited bar food menu. Applying for a state pull tab license and/or lottery license would also increase profitability. The bar it's self has no off street parking BUT can be purchased with the 4 plex apartments that are adjacent to the bar which has a HUGE parking lot and currently has a smoking patio for the bar. The 4 - 1 bedroom unit property has over $2,000 a month income. The 4 plex will only be sold with or after the bar sells. Owner will consider support and training of the new owner. *** Seller will consider a short term land contract with LARGE down payment *** Liquor stock valued at approximately $7,000.00 is exempt from commission and is to be sold separately.

Listing information

  • MLS® ID: 201632618
  • Status: Active
  • Foreclosure: No
  • Estimated Annual Taxes: $1,293
  • Style: Restaurant/Food/Hospitality
  • Stories: 1
  • Lot Area: 0.06
  • Subdivision: Bass & Houghs Addition
  • Year Built: 1900
  • New Construction: No
  • Lot Size: 40 x 60

Features

Auction Y/N No
BASEMENT/FOUNDATION Slab
Burglar Alarm Y/N Yes
COOLING Central Air
Currently Leased Y/N No
DOCUMENTS AVAILABLE Equipment List, Income/Expenses, Legal Description, Owners Statement, Utility Bill Information, Zoning
Equipment Y/N Yes
EXEMPTIONS No Exemptions
EXISTING FINANCING Conventional
EXTERIOR Wood
Fire Doors Y/N No
FIRE PROTECTION City
FLOORING Ceramic Tile, Concrete, Laminate, Mixed
HEATING/FUEL Forced Air, Gas
INTERIOR WALLS Drywall
INTERNAL ROOMS Kitchen, Storage
Lease Available Y/N No
Lighted Intersection Y/N Yes
LOCATION City
Other Approx. Lot Size SqFt - 2400, Bldg1 Above Grd SqFt - 1960, Bldg1 Below Grd SqFt - 0, Bldg1 Fin. Office SqFt - 0, Bldg1 Story - 0, Ceiling Height - 8, Interior Height - 10, Number of Buildings - 1, Parking Type - On Street
PARKING No, Off-Street
Planned Unit Dev. Y/N No
PRESENT USE Bar
Property SubType Restaurant/Bar
PROPERTY USE Bus. Included w/Property
PROPOSED FINANCING Cash, Conventional
REO Y/N No
Road Access City
ROOF MATERIAL Build-Up
SALE INCLUDES Building, Business, Furniture, Land, License Included
Security Light Y/N No
SEWER City
Signs Y/N Yes
Smoke/Fire Alarm Y/N Yes
SPECIAL FEATURES 110 Volts, 220 Volts, Ansel System, Public Restrooms, Refrigeration/Freezer, Single Phase
Sprinkler System Y/N No
Water Heater Y/N Yes
Water Softener Y/N No
WATER UTILITY City
Waterfront Y/N No
Listing Courtesy of Mary Sherer of Re/Max Ability Plus