522 E Coliseum Blvd - Hospitality FOR SALE


Fort Wayne, IN 46805- North Fort Wayne
$2,400,000 USD
805-866-0486
522 E Coliseum Blvd, Fort Wayne, IN for Sale
$2,400,000 USD
Hospitality - FOR SALE
1/21
null | Request Cap Rate

522 E Coliseum Blvd
Fort Wayne, IN 46805
North Fort Wayne


HIGHLIGHTS

  • 43 units, three-story, interior corridor
  • Offered at $55,814/key
  • Recently renovated in 2023, offering a turnkey asset
  • Easy access to Interstate 69
  • Property benefits from strong demand driven by concerts, sporting events, and trade shows
  • Revenue growth potential through improved management and operator efficiencies

OVERVIEW

The Bowman Post Group of NewGen Advisory is pleased to present the Magnuson Hotel – Fort Wayne, IN as an exceptional investment opportunity. Strategically located near the Allen County War Memorial Coliseum, the property benefits from strong demand driven by concerts, sporting events, and trade shows. This well-established midscale property features 43 guestrooms across three stories with interior corridors, providing a comfortable and easily accessible stay. Ideally located with easy access to Interstate 69, the Magnuson Hotel is just 11 miles from Fort Wayne Airport, making travel convenient for guests. It’s also surrounded by top family-friendly attractions like Science Central and the highly-rated Fort Wayne Children’s Zoo, a favorite summer destination in Indiana. Guests enjoy added value with complimentary breakfast and free Wi-Fi.

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$151 USD /SF

# OF ROOMS

41

PRICE/ROOM

$58,537 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Magnuson Hotel Fort Wayne North

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1988

PARKING SPACES

62

LAND DETAILS

LAND ACRES

0.78 AC

LAND SF

33,977 SF

ZONING

C

APN/PARCEL ID

02-07-25-101-011.000-073

ASK ABOUT THIS PROPERTY

Jay BhimaNewgenMore Info
805-866-0486

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Jay BhimaNewgenMore Info
805-866-0486

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.