Property profile

1002 Coliseum Blvd Fort Wayne, IN 46805

OFF-MARKET
Parking lots & garages
Property ID
US31-1069551
0.09 ac lot Built 2007
Entity Owned 3-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Parking lots & garages
Use group PARKING LOT
Year built 2007
Lot 0.09 ac (4,080 SF)
APN 02-13-05-251-006.001-070
UPID US31-1069551

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Music Venue
  • Restaurant
  • Hotel & Motel

Location

1002 Coliseum Blvd Fort Wayne, IN 46805-5520
Fort Wayne metro Census 10811 FORT WAYNE, IN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$255k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$255k

Owner & transaction history

since 2023
7 recorded transactions
2023
Price N/A
2022
Price N/A
2018
$1,000
2016
Price N/A
2016
Price N/A
2016
Price N/A
2016
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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