Turnkey Restaurant Opportunity For
520 S Pearl Street New London, WI 54961
For Sale
$395,000
Well-maintained restaurant with equipment, client list, and liquor license.
Property Size4,300 SF
Lot Size0.54 Acres
Price / SF$91.86
Days on Market185
Property Features for 520 S Pearl Street
General Information
Standard status
Active
Size
4,300 SF
Lot size
0.54 Acres
Listing Agency:
Century 21 Ace Realty
(920) 841-5374
Listed By:
Sandra DuFrane · License #9052028
(920) 841-5374
Source:
Exprealty
Added: Jan 26
Changed: Jul 6
Last Checked: Jul 29 at 6:00PM
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
Investment Insights
Based on property information with market context.
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.
Key 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.
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| 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
NOI $31,286 @ 7.0% cap · market cap 7.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$805.4K
$704.8K – $939.7K
NOI $56,381 @ 7.0% cap · market cap 14.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Smokehound BBQ — 111 E Millard St, New London, WI 54961
Frequently Asked Questions
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 $395,000.
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.
