N1035 Riviera Ave Neillsville, WI 54456
This exceptional 6,500 square foot commercial property, located at N1035 Riviera Avenue in Neillsville, Wisconsin, presents a lucrative investment opportunity. Situated on a 2.72-acre lot, the established Riviera Pub and Grill boasts a spacious, open-concept layout ideal for a thriving bar and grill operation. The horseshoe bar, ample seating, and multiple televisions create a welcoming atmosphere perfect for casual dining, watching sporting events, or hosting private parties. A large event center is readily available for hosting gatherings and special events, such as Friday fish fries. Recent upgrades include a new central air system and the addition of poker machines. Furthermore, a credit is available towards new carpeting. The property includes a fully equipped kitchen, substantial storage space, walk-in coolers and freezers, and dedicated office space. Its prime location near Lake Arbutus and UTV trails ensures a steady stream of customers, including numerous cabin and RV guests. The asking price is $425,000. This turnkey operation offers immediate income potential and significant upside for a savvy investor.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.