3055 State Road 16 - Restaurant FOR SALE


La Crosse, WI 54601
$1,999,999 USD
608-498-1323
3055 State Road 16, La Crosse, WI for Sale
$1,999,999 USD
Restaurant - FOR SALE
1/20
null | 6.41% Cap Rate

3055 State Road 16
La Crosse, WI 54601


HIGHLIGHTS

  • Seller financing/Owner financing available with 35% down payment and 5% interest on remaining balance.

OVERVIEW

Seller financing available with 35% down payment and remaining balance at 5% interest! Good luck finding that kind of rate at a bank right now! Prime opportunity to own highly desired real estate right along Highway 16. Own a turnkey building with a rock solid national tenant that has been a pillar restaurant in the community for decades. Modified lease in place and priced at a 6.4 cap rate. Tenant responsible for ALL expenses except property taxes. Lease with current tenant runs through February 2027 which allows landlord to adjust monthly rent to account for property taxes, which would increase property to 7.4 cap! Over .75 acre lot with excellent visibility off of HWY 16 and tons of parking. Don't miss out on this investment opportunity!

FOR SALE DETAILS

PRICE

$1,999,999 USD

PRICE/SF

$528 USD /SF

CAP RATE

6.41%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Famous Dave's

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1982

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.77 AC

LAND SF

33,541 SF

ZONING

MZA

APN/PARCEL ID

017-010315-050

ASK ABOUT THIS PROPERTY

Spenser NickelattiSpenser Nickelatti eXp RealtyMore Info
608-498-1323

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Spenser NickelattiSpenser Nickelatti eXp RealtyMore Info
608-498-1323

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