Back to Search

Turnkey Restaurant Opportunity For Sale

520 S Pearl Street, New London, WI 54961

View on Map

For Sale

$575,000

Well-maintained restaurant with equipment, client list, and liquor license.

Property size:

4,300 SF

Lot size:

0.54 Acres

Price / SF:

$133/SF

HighLights

Fully equipped and operational 4300 sq ft restaurant, ready for immediate takeover.
Includes a full bar with a liquor license.
Seating capacity for nearly 200 patrons, suitable for banquets and events.
Sale includes all equipment (grills, fryers, coolers, etc.), furniture (tables, chairs), and decor.
Established client list included in the sale.
Includes Waupaca County tax IDs 33 12 77270 and 33 12 77261.

We can help!

Listing Contact

Sandra DuFrane

For Sale

$575,000

Well-maintained restaurant with equipment, client list, and liquor license.

Property size:

4,300 SF

Lot size:

0.54 Acres

Price / SF:

$133/SF

Added:: Nov 13, 2024
Days on Market:: 578
Last Refresh:: Jan 20 at 11:07 am

Property Features for 520 S Pearl Street

General Information

Standard status: Active
Size: 4,300 SF
Lot size: 0.54 Acres

We can help!

Listing Contact

Sandra DuFrane

Listing agent Sandra DuFrane License #9052028

Listing office Century 21 Ace Realty

Listing date Nov 13, 2024

Source Exprealty

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Century 21 Ace Realty

HighLights

Fully equipped and operational 4300 sq ft restaurant, ready for immediate takeover.
Includes a full bar with a liquor license.
Seating capacity for nearly 200 patrons, suitable for banquets and events.
Sale includes all equipment (grills, fryers, coolers, etc.), furniture (tables, chairs), and decor.
Established client list included in the sale.
Includes Waupaca County tax IDs 33 12 77270 and 33 12 77261.

Overview

The property features a well-maintained 4300 square foot restaurant building, offered for sale including equipment and client list. The restaurant has been in operation for many years, serving breakfasts, lunches, and dinners. The seating capacity is nearly 200 patrons, suitable for banquets, meetings, and showers. A full bar with a liquor license is included. The sale includes grills, fryers, toasters, dishes, tables, chairs, coolers, freezers, salad bars, and decor. Inventory will be transferred by Bill of Sale. The list price includes Waupaca County tax IDs 33 12 77270 and 33 12 77261.

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$42.8k	$9.96
− Vacancy	−$1.1k	−$0.26
EGI	$41.7k	$9.70
− OpEx	−$10.4k	−$2.43
NOI	$31.3k	$7.28

4,300 SF · lease $9.96/SF/yr · vacancy 2.60% · expense 25.00%

Alternative Uses

Best Use

Specialty Retail

$446.9K

$391.1K – $521.4K (±1% cap)

NOI $31,286 @ 7.0% cap · market cap 5.44%

Second Best

—

no second resolved use

Theoretical Best

Office A

$805.4K

$704.8K – $939.7K (±1% cap)

NOI $56,381 @ 7.0% cap · market cap 9.81%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Marly's Restaurant Restaurant

Suggested Use

Similar Places Nearby

Smokehound BBQ — 111 E Millard St, New London, WI 54961

Location Insight

Map
Local Demand

City: New London
County: Waupaca
State: Wisconsin
Longitude: -88.7392
Latitude: 44.3886

Nearby Similar for Sale

$254,900

2,407 SF

Well-Maintained Commercial Building For Sale

One-story commercial building with full basement suitable for various businesses.

712 S Pearl St, New London, WI

View Details
Contact for pricing
1,250 SF

Modern Commercial Unit in New London

High-visibility commercial unit suitable for various business types.

3-1186 N Shawano Street, NEW LONDON, WI 54961

View Details
$699,900

Dairy Farm with Purchase Option

Dairy farm on 24.16 acres with option to purchase.

N7471 Buboltz Road, New London, WI 54961

View Details

For sale
Restaurants
WI
New London
54961
520 S Pearl Street

What type of property is this?

Restaurant - Well-maintained restaurant with equipment, client list, and liquor license.

Where is this restaurant located?

The property is located at 520 S Pearl Street New London, WI.

What is the asking price?

The asking price for this property is $575,000.

What are key features of this property?

This property features: Fully equipped and operational 4300 sq ft restaurant, ready for immediate takeover.; Includes a full bar with a liquor license.; Seating capacity for nearly 200 patrons, suitable for banquets and events.