Turnkey Restaurant Opportunity For
520 S Pearl Street New London, WI 54961
Well-maintained restaurant with equipment, client list, and liquor license.
Property size:
4,300 SFLot size:
0.54 AcresPrice / SF:
$91/SF- Added:
- Jan 26, 2026
- Days on Market:
- 165
- 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
Listing office Century 21 Ace Realty (920) 841-5374
Listing date Jan 26, 2026
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
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.
Local 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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Marly's Restaurant
Restaurant
Similar For Sale Nearby
Similar Off Market Nearby
- Smokehound BBQ — 111 E Millard St, New London, WI 54961
FAQs
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.
