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408 State Rd Hatley, WI 54440

For Sale
$349,500

Established Bar/Restaurant, High Potential

Property size:
5,118 SF

Description

Added:
Dec 11, 2024
Days on Market:
368
This exceptional Hatley, Wisconsin commercial property, located at 408 State Rd, presents a lucrative investment opportunity. The 5,118 square foot building sits on a 1.12-acre lot (APN 13628103020954) and is zoned for commercial use. Built in 1960, the property features four entry doors and impressive 7-15 foot ceilings. Currently operating under a triple net lease (NNN) with multiple tenants, the property boasts a 20% occupancy rate. The sale includes the established business name, all equipment, a liquor license, signage, and furniture. The restaurant's seating capacity is substantial, with 77 seats in the main dining room, 24 at the bar, and an additional 16 in a waiting area. A 14-foot hood and all necessary kitchen equipment are included. The property is conveniently located across from Riiser Station. While the restaurant portion is currently vacant, a tenant occupies a portion of the building, offering immediate income potential and the opportunity to increase net operating income (NOI) through full occupancy and business operation. This turnkey operation is priced at $349,500 and presents a rare chance to acquire a well-established business with significant upside. The property's prime location and extensive features make it an ideal investment for experienced restaurateurs or savvy investors seeking a strong return.

Property Features for 408 State Rd

General Information

Property type
Restaurants
Square Feet
5,118 SF
Lot Size
48,787 SF

Building Details

Year Built
1960

Property Profile Insight Report Location Intelligence

Current Use by Public Records

Bars

Suggested Use

Restaurant Building Supply Wholesale Shop Auto Repair Shop Food Market Storage Facility HVAC Service Bar & Pub Grocery Store Electrical Service

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

Location Insight

  • Map
  • Local Demand
City
Hatley
County
Marathon
State
Wisconsin
Longitude
-89.33672114685
Latitude
44.881818100634

FAQs

What type of property is this?
Restaurant - Established Bar/Restaurant, High Potential
Where is this restaurant located?
The property is located at 408 State Rd Hatley, WI.
What is the asking price?
The asking price for this property is $349,500.
More about this property
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