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    OFF-MARKET
    Retail properties & Spaces

    201 Lewis Ave, Watertown, MN 55388

    4,121 SF
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Total area 4,121 SF
    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
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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