About This Restaurant
Investment Highlights
Historic property renovated with modern amenities. Exposed brick and natural light on all four floors. Private parking lot included and shared offsite parking lot behind building. Located in the heart of downtown and steps away from the scenic shoreline of Lake Michigan. Property Manager onsite daily and willing to continue with new owner.
Executive Summary
Fully leased property with onsite property manager willing to continue with new owner. Projected CAP rate for 2024 is 7.5%.
Property Details
- Sale Type Investment
- Property Type Retail
- Property Subtype Storefront Retail/Office Storefront Retail/Office General Retail Restaurant General Retail Storefront Retail/Residential OfficeLoft Creative Space Storefront Retail/Office
- Building Size 32,232
- Building Class B
- Year Built/Renovated 1910/2013
- Price 2,700,000
- Price Per SF 84
- Cap Rate 7.50
- NOI 202,500
- Percent Leased 100
- Tenancy Multiple
- Building Height 4 Stories
- Slab To Slab 12?
- Building FAR 2.96
- Land Acres 0.25 AC
Amenities
- Restaurant
- Signage
- Storage Space
- Air Conditioning
Property Taxes
| Parcel Number | 160981810003 | Improvements Assessment | $118,300 |
| Land Assessment | $1,590,900 | Total Assessment | $1,709,200 |
| Date Created: | 2024-07-16 04:25:41 | Last Updated: | 2024-07-16 04:25:41 |
| Address: | 211 N Franklin St , Port Washington, Wisconsin, 53074 | ||