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    FOR SALE
    Commercial real estate

    520 S Pearl St New London, WI 54961

    0.38 ac lot
    Entity Owned Absentee Owner Free & Clear
    Property ID
    US92-2094293
    520 S Pearl St, New London, WI 54961 For Sale 1 / 50
    $395,000
    520 S Pearl St, New London, WI 54961
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    Property summary
    AI-generated overview

    This exceptional opportunity presents the sale of a well-established restaurant located at 520 S Pearl Street, New London, Wisconsin, 54961-1473. The property, encompassing two Waupaca County tax IDs (33 12 77270 and 33 12 77261), includes a substantial 4300 square foot building and all its contents. The sale includes a complete turnkey operation, offering a seamless transition for a new owner. Years of successful operation have built a loyal clientele and a strong reputation for delicious breakfasts, lunches, and dinners. The restaurant boasts a full bar with a liquor license, making it a versatile and profitable venture. Extensive equipment is included in the sale, encompassing grills, a sham, fryers, toasters, dishes, tables, chairs, coolers, freezers, and salad bars, along with existing decor. The restaurant has a significant seating capacity, accommodating nearly 200 patrons, ideal for banquets and large gatherings. Inventory will be transferred via a separate Bill of Sale. The asking price is $699,000. Private showings are required

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Lot 0.38 ac (16,640 SF)
    APN 33 12 77270
    UPID US92-2094293
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Marly's Restaurant Restaurant
    1 occupant on record
    Value estimations
    Realmo proprietary · 4 methods
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    by Request
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    BROWN JT TRUST MARLIN L & SHIRLEY A
    BROWN JT TRUST MARLIN L & SHIRLEY A
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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