520 Water St Princeton, WI 54968

Property Details for 520 Water St

Year built

1900

Lot size

0.07 lot acres

Property size

3,300 SF

Property type

Commercial real estate

Description

This exceptional two-story property at 520 W Water STREET Unit 522, Princeton, WI, presents a unique investment opportunity in a prime downtown location. Adjacent to the renowned Parlor Hotel, this 3,300 square foot building sits on a 0.07-acre lot and offers incredible versatility for a variety of uses. The upper level boasts a beautifully remodeled two-bedroom, two-bathroom apartment complete with custom built-ins, a private sun deck, and dedicated alley parking. This residential space is currently rented and the tenant is interested in extending their lease. The lower level provides a spacious commercial or retail area, ideal for a variety of businesses. Features include oversized windows, high ceilings, a half-bath, a separate office, and a kitchenette. The building's unique character is further enhanced by an existing recording studio and vaulted skylights. The property's central location, combined with its attractive residential and commercial spaces, makes it an exceptional opportunity for an owner-occupant or investor seeking a strong return. The current rental income stream adds to the property's overall value and potential. This is a rare chance to acquire a historic building with significant potential in the heart of Princeton's vibrant downtown area. The asking price is $305,000.

Location Insight

City

Princeton

County

GREEN LAKE

State

Wisconsin

Longitude

-89.1299

Latitude

43.8502