1002 Coliseum BlvdFort Wayne, IN 46805

Property Details for 1002 Coliseum Blvd

Year built

2007

Lot size

0.09 AC

Property type

Retail properties

Property subtype

Parking lots & garages

APN

02-13-05-251-006.001-070

APU

21305251006001070

Description

This exceptional turnkey opportunity presents a profitable, established adult entertainment business in Fort Wayne, Indiana. Located at 1002 N. Coliseum Blvd, this fee-simple property boasts 9,500 square feet across two stories in a Class B building. Completely renovated in 2021, the property includes a full kitchen, two bars, and a walk-in cooler, all supported by a modern HVAC system and fire sprinklers. The spacious layout comfortably accommodates up to 299 patrons, featuring two stages, VIP areas, and dedicated couch rooms. The building also benefits from a built-in elevator. Situated on a busy, divided highway, this location ensures high visibility and traffic counts, maximizing business potential. All necessary licenses for operation are already in place, making this a truly turnkey investment. The asking price is $1,350,000, representing a price per square foot of $142.11. Owner financing may be considered. This is a rare chance to acquire a successful, established business with significant upside potential. The property is 100% occupied and features a single tenancy.

• CAP approach

  CAP return

  Valuation

  6%

  $1,128,035

  6.5%

  $1,041,263

  7%

  $966,887

• Comparable approach

  Method

  Valuation

  Relative Method

  $320,903

  Geo Method

  $202,445

• Alternative Use

  Use

  Valuation

  Residential

  $878,344

  Hospitality

  $804,558

  Educational

  $669,383

  Medical

  $692,404

  Retail

  $1,041,263

Location Insight

City

Fort Wayne

County

Allen

State

Indiana

Latitude

41.0856

Longitude

-85.0863

CBSA code

23060

CBSA name

FORT WAYNE, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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