Historic Restaurant
904 E Main St Watertown, WI 53094
904 E Main St, Watertown, WI, 53094
$199,900
For Sale
$199,900
Restaurant property with main street visibility and traffic, offered for sale; square footage is estimated.
Property Size1,250 SF
Price / SF$159.92
Days on Market44
Property Features for 904 E Main St
General Information
- Standard status
- Active
- Size
- 1,250 SF
Listing agency
Realty Executives Platinum
(661) 272-2727
Listed by
Bradley Kuenzi · License #5109990
(920) 539-5392
Source
Exprealty
Added: Jun 9 Updated: Jul 22 at 9:35AM Checked: Jul 22 at 9:35AM
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 Realty Executives Platinum
Investment Insights
Based on property information with market context.
This restaurant property at 904 E Main St, Watertown, WI, has served the Watertown community as a well-beloved restaurant since 1945. The property is offered for sale as a continued dining concept, with main street visibility and traffic.
The provided square footage is estimated (the agent did not measure). If square footage is an important factor, buyers are advised to verify during due diligence.
This offering is best suited for buyers looking for a restaurant location with established community history and street-level exposure on East Main Street.
The provided square footage is estimated (the agent did not measure). If square footage is an important factor, buyers are advised to verify during due diligence.
This offering is best suited for buyers looking for a restaurant location with established community history and street-level exposure on East Main Street.
Key Highlights
- Restaurant property has served the Watertown community since 1945
- Main street visibility with traffic exposure
- Square footage is estimated (agent did not measure); buyer to verify if important
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 | $23.7k | $18.96 |
| − Vacancy | −$948 | −$0.76 |
| EGI | $22.8k | $18.20 |
| − OpEx | −$5.7k | −$4.55 |
| NOI | $17.1k | $13.65 |
1,250 SF · lease $18.96/SF/yr · vacancy 4.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$243.8K
$213.3K – $284.4K
NOI $17,064 @ 7.0% cap · market cap 8.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$271.5K
$237.6K – $316.8K
NOI $19,008 @ 7.0% cap · market cap 9.51%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
ATM
Atm
Zwieg's Grill
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Restaurant property with main street visibility and traffic, offered for sale; square footage is estimated.
Where is this conventional restaurant located?
The property is located at 904 E Main St Watertown, WI.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Restaurant property has served the Watertown community since 1945; Main street visibility with traffic exposure; Square footage is estimated (agent did not measure); buyer to verify if important
