W7944 Perkinstown Ave Medford, WI 54451
This exceptional full-service restaurant, the Turtle Club, is situated on a 0.9-acre lot overlooking Mud/Martin Lake in Medford, Wisconsin. Boasting 2,332 square feet, this single-story building features a welcoming atmosphere with a stone fireplace, vaulted ceilings, and cedar accents. The fully equipped kitchen includes generous walk-in refrigeration. The dining area comfortably seats patrons at booths and tables, with additional seating at the bar and outdoor patio, all offering stunning lake views. The property has a capacity of 100 guests and 30 parking spaces. Priced at $269,900 ($115.74/sq ft), this turnkey operation is $54,000 below assessed value. The Turtle Club enjoys a loyal customer base and strong reputation, making it a popular destination for locals and tourists, particularly during the summer months. The property is zoned G2-Commercial and includes an additional 1.18 acres of land. This is a rare opportunity to own a thriving waterfront business and become part of Wisconsin's rich supper club tradition. The sale includes all necessary equipment and fixtures for immediate operation.
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
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No recorded transactions found for this property.
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Risks
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