Philmore on Broadway

Retail-Commercial for Sale
Sale Pending
Also listed as Hospitality
Catylist Listing ID: 30738537
Property Subtypes: Free-Standing Building, Mixed Use, Movie Theatre, Restaurant, Tavern/Bar/Nightclub
Status: Pending
Building Size (RSF): 5,732 SF
Gross Building Area: See Agent
Gross Land Area: 0.63 SF
Sale Price: $780,000
Unit Price: $136.08 PSF
In Opportunity Zone? Yes
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User, Business
Usable Size (USF): 2,866 SF
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 6/11/2021

Overview / Comments

Once in a lifetime opportunity to purchase this historic property! The building opened in 1923 as the Broadway Theater, and currently operates as the Philmore on Broadway – Fort Wayne's premier event and entertainment venue. Accommodating up to 220 guests, this property boasts over 5700 SF, full commercial kitchen and hood system, balcony seating, stage, restrooms on each level, main level and balcony bars, offices, and more. Explore the possibilities – this property also lends itself to a variety of other business opportunities, such as a full service restaurant. Large paved parking lot, close proximity to downtown Fort Wayne and the Electric Works campus. Don't miss your opportunity to write the next chapter in this building's history.

Additional Details

Nearest MSA: Fort Wayne
County: Allen
Tax ID/APN: 021211352002000074
Retail Clientele: General, Family, Business, Tourist, Recreation
Property Located Between: Scott Ave and Huestis Ave.
Property Visibility: Excellent
Largest Nearby Street: Bluffton Road and E Jefferson Blvd.
Highway Access: Highway 1/Bluffton Road
Airports: Fort Wayne International
Area Description: Close to downtown Fort Wayne
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 5,732 SF
Property Condition: Excellent
Year Built: 1900
Year Renovated: 2011
Roof Type: Flat
Construction/Siding: Brick
Parking Type: Surface
Parking Description: Asphalt paved parking
Water Service: Municipal
Sewer Type: Municipal
Legal Description: LOT 15 W 80FT LOT 17 ALL LTS 18 19 20 & VAC ALLEY ADJ & LT 21 & N 13.5FT LT 22 J M FAIRFIELDS

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,746 105,967 167,305
Median Age: 30.45 33.06 33.96
Households: 5,864 41,079 67,750

Contact

Photograph of Listing Agent

Brandon Steffen

Brandon Steffen ICREX Member
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