1002 Coliseum Blvd Fort Wayne, IN 46805-5520
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.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.