Adult Club in Fort
1002 N Coliseum Blvd Fort Wayne, IN 46805
1002 N Coliseum Blvd, Fort Wayne, IN, 46805
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For Sale
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Thriving adult entertainment business and real estate in prime location.
Property Size9,500 SF
Price / SF$142.11
Days on Market1259
Property Features for 1002 N Coliseum Blvd
General Information
- Standard status
- Active
- Size
- 9,500 SF
- Property subtype
- Retail
Listing Agency
HWH Properties
Listed by
H Winston Hines · License #SC 13801
Source
Crexi
Added: Feb 7, 2023 Checked: Jul 15 at 5:14 pm
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of HWH Properties
Investment Insights
Based on property information with market context.
The property at 1002 N. Coliseum Boulevard, Fort Wayne, IN, presents an opportunity to acquire an adult entertainment business along with the real estate. The building spans 10,000 square feet across multiple levels and includes a built-in elevator. It features a full kitchen, two bars, and a walk-in cooler. Heating and cooling are provided by HVAC and gas packs, and the building is fully sprinklered. The club has a capacity of up to 299 occupants and includes two stages, VIP rooms, and couch rooms. Situated on a busy divided highway, the location benefits from high traffic counts. The licenses required to operate the business are already in place. The property is suitable for an entertainment business. The property size is 9,500 square feet.
Key Highlights
- Prime location on a busy divided highway with high traffic counts.
- Turn‑key business opportunity with licenses already in place.
- Spacious 10,000 sq ft multi‑level building with 2 stages, VIP, and couch rooms.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $151.6k | $15.96 |
| − Vacancy | −$11.4k | −$1.20 |
| EGI | $140.2k | $14.76 |
| − OpEx | −$35.1k | −$3.69 |
| NOI | $105.2k | $11.07 |
9,500 SF · lease $15.96/SF/yr · vacancy 7.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.50M
$1.31M – $1.75M
NOI $105,186 @ 7.0% cap · market cap 7.79%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$7.94M
$6.94M – $9.26M
NOI $555,528 @ 7.0% cap · market cap 41.15%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Rockstar Entertainment 260
Music Venue
Shangri La East
Restaurant
Bradley hotel Fort ...
Hotel & Motel
Similar For Sale Nearby
Similar Off Market Nearby
- Cap n' Cork — 1425 N Coliseum Blvd, Fort Wayne, IN 46805
- Brunner's Pub — 3810 Lake Ave, Fort Wayne, IN 46805
- Bazz Nomal — 3101 E Washington Blvd, Fort Wayne, IN 46803
- American Legion Post 47 — 601 Reed Rd, Fort Wayne, IN 46815
FAQs
What type of property is this?
Night club - Thriving adult entertainment business and real estate in prime location.
Where is this night club located?
The property is located at 1002 N Coliseum Blvd Fort Wayne, IN.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Prime location on a busy divided highway with high traffic counts.; Turn‑key business opportunity with licenses already in place.; Spacious 10,000 sq ft multi‑level building with 2 stages, VIP, and couch rooms.
