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522 E Coliseum Blvd
Fort Wayne, IN 46805
Magnuson Hotel Fort Wayne North · Hospitality Property For Sale · 15,921 SF
Investment Highlights
- Three-Story, 38-Room, Midscale Hotel
- Metal Roof / Recently Renovated Lobby and Guest Laundry Area
- Offers Significant Upside to Increase Market Penetration
- Priced Below Replacement Costs at $48,026 per Key
- Excellent Location Close to Allan County War Memorial Coliseum
- Conversion Opportunities Available (Inquire with Agent)
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 3 |
| Property Subtype | Hotel | Year Built | 1988 |
| Building Class | C | Tenancy | Single |
| Lot Size | 0.78 AC | Parking Ratio | 3.89/1,000 SF |
| Building Size | 15,921 SF | Corridor | Interior |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.78 AC |
| Building Size | 15,921 SF |
| No. Stories | 3 |
| Year Built | 1988 |
| Tenancy | Single |
| Parking Ratio | 3.89/1,000 SF |
| Corridor | Interior |
Amenities
- Business Center
- High Speed Internet Access
- Public Access Wifi
About 522 E Coliseum Blvd , Fort Wayne, IN 46805
Property Description: The Magnuson Hotel Fort Wayne is a 38-room hotel that was built in 1988. The three-story hotel features a refrigerator, microwave, flat-screen television, and desk with ergonomic chair in each room. The common amenities features a laundry facility, breakfast area, lobby, and business center. Location Description: Fort Wayne, Indiana is located in the northeastern part of the state and 18 miles west of the Ohio border. The top industries in the region are manufacturing, health care, retail trade, finance, and insurance, and government. The Magnuson Hotel Fort Wayne on 522 East Coliseum Boulevard is positioned off Interstate 69, near multiple room demand generators. Parkview Regional Medical Center (2.8 miles) provides 440 private patient rooms and has been award multiple grants to expand its programs throughout the years. Also, nearby is Purdue University Fort Wayne (1.2 miles) which has an enrollment of over 10,000 undergraduate and graduate students. The university hosts multiple scholastic and NCAA: Division I athletic events among their 16 varsity teams. Other room revenue generators include the Allen County War Memorial Coliseum (0.8 miles), Fort Wayne Children's Zoo (2.5 miles), Science Central (2.2 miles), and downtown Fort Wayne (3.3 miles) for shopping and dining.
PROPERTY TAXES
| Parcel Number | 02-07-25-101-011.000-073 | Improvements Assessment | $147,600 |
| Land Assessment | $203,900 | Total Assessment | $351,500 |
PROPERTY TAXES
zoning
| Zoning Code | C (Commercial) |
| C (Commercial) |
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