7754 Harwood Ave Wauwatosa, WI 53213
- Commercial real estate
- 16,376 SF
- 0.61 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 7754 Harwood Ave
- Year built
- 1924
- Lot size
- 0.61 lot acres
- Property size
- 16,376 SF
- Zone code
- C1
- Property type
- Commercial real estate
- APN
- 371-0136-01
- APU
- 371013601
Description
This exceptional commercial property at 7754 Harwood Ave, Wauwatosa, WI 53213, presents a unique investment opportunity. The existing 5,000 square foot building, zoned Neighborhood/Village Trade (C1), currently operates as a restaurant and includes a fully equipped commercial kitchen and bar. The two-story structure sits on a 0.32-acre lot and offers significant potential for redevelopment. Ample parking is conveniently located in an adjacent large city lot. The property's prime location offers close proximity to the Wauwatosa Village Farmers Market and downtown Wauwatosa, ensuring high visibility and accessibility. This thriving community provides a strong foundation for continued success. An attractive feature is the option to purchase an adjacent 0.31-acre parcel at 7762 Harwood Ave, expanding the total land area to 0.63 acres for a larger-scale redevelopment project. The combined 0.62 acres offer substantial potential for various commercial ventures. The asking price for this remarkable property is $1,400,000. This presents a rare chance to acquire a well-situated restaurant with significant expansion possibilities in a vibrant Wisconsin community.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $385,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $505,000
- 6.5%
- $485,000
- 7%
- $545,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $490,000
- Geo Method
- $480,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $565,000
- Retail
- $450,000
- Mixed-Use
- $585,000
- Hospitality
- $495,000
- Educational
- $500,000
- Residential Income
- $485,000
- Energy
- $610,000
- Income-Based Land
- $490,000
- Food Service
- $565,000
Location Insight
- Map
- Local Demand
- City
- Wauwatosa
- County
- Milwaukee
- State
- Wisconsin
- Longitude
- -88.0098
- Latitude
- 43.0489
- CBSA code
- 33340
- CBSA name
- MILWAUKEE-WAUKESHA-WEST ALLIS, WI METROPOLITAN STATISTICAL AREA