201 Lewis Ave, Watertown, MN 55388
This exceptional turnkey restaurant opportunity in downtown Watertown, Minnesota, is priced at $399,000. The property, located at 201 Lewis Ave S, boasts a total of 4,121 square feet, with 2,412 square feet of net rentable space. The asking price equates to $96.82 per square foot. The restaurant features a fully equipped kitchen, including two kitchen hoods—a Type 2 hood for a double-deck pizza oven and a 6-foot Type 1 hood with a prep table and dish area. A substantial 6-foot kitchen hood and reach-in cooler are also included. Adding to its versatility, the property includes a stage in the dining area with a full-view clear garage door opening directly onto Lewis Ave S, creating unique possibilities for events or expanded seating. An apartment is also included on the property, adding to its investment potential. This owner/user investment is situated in Carver County, Minnesota, zip code 55388, offering a prime location in the heart of Watertown. The property is ready for immediate operation, making it an ideal opportunity for a seasoned restaurateur or a new business venture. This fully equipped and turnkey operation presents a rare chance to acquire a well-established restaurant with significant potential for growth.
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.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.