301 Dewitt St - Restaurant FOR SALE


Portage, WI 53901
$624,900 USD
608-742-4897
301 Dewitt St, Portage, WI for Sale
$624,900 USD
Restaurant - FOR SALE
1/13
null | Request Cap Rate

301 Dewitt St
Portage, WI 53901


HIGHLIGHTS

  • Fully rented both the apartments and restaurant space.
  • Newer metal roof and two brand new rooftop AC units
  • High visibility restaurant space.
  • Located on one of the busiest traffic corners.

OVERVIEW

RARE cash flow opportunity located on one of the BUSIEST traffic corners in this little American treasure of a town. This is the one to BUY RIGHT and build long term wealth, current INCOME total is $5,675 per month. Three upper apartments are currently rented out at under market pricing so room for upswing is spot on! NO VACANCY. Apartments are in top notch condition and have been nicely updated using quality labor and materials. Newer metal roof and two brand new rooftop AC units. Main floor space (highly visible) is currently being leased as restaurant space for $2550 per month. Actual capacity in the restaurant is 99, and current lease is a 5 year lease.

FOR SALE DETAILS

PRICE

$624,900 USD

PRICE/SF

$55 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1873

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1873

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,180 SF

ZONING

Commercial

APN/PARCEL ID

11271-1263

ASK ABOUT THIS PROPERTY

Bonnie DixonFirst Weber Realtors - PortageMore Info
608-742-4897

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Bonnie DixonFirst Weber Realtors - PortageMore Info
608-742-4897

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