3700 Durand Ave Racine, WI 53405
- Turn key restaurants
- 915 SF
- 0.30 lot acres
Current Use by Public Records
- Taqueria los 2 hermanos / Mexican Restaurant / Breakfast Restaurant
Property Details for 3700 Durand Ave
- Year built
- 1950
- Lot size
- 0.30 lot acres
- Property size
- 915 SF
- Zone code
- B3
- Property type
- Turn key restaurants
- APN
- 276 000023860004
- APU
- 276000023860004
Description
This exceptional turnkey restaurant opportunity is located at 3700 Durand Avenue in Racine, Wisconsin. Boasting 915 square feet on a 0.3-acre lot, this property enjoys a prime location on a high-traffic road, ensuring excellent visibility and accessibility. The building features ample parking for customer convenience. The interior is fully equipped and furnished, allowing for immediate operation. Included in the sale are a comprehensive array of commercial kitchen equipment, such as an ice maker, four coolers, a walk-in cooler, a freezer, a fryer, a stove, a flat grill, and a beverage dispenser. The dining area is furnished and ready to welcome guests. Beyond the kitchen and dining area, the property includes two restrooms, a prominent front sign for increased visibility, and installed counter space. A state-of-the-art surveillance system and multiple TVs are also included. Recent updates enhance the property's appeal, including fresh paint, new flooring, and modern light fixtures. The presence of a drive-thru window adds significant potential for takeout and delivery services, catering to a broader customer base. This is a truly remarkable opportunity for a seamless transition into restaurant ownership, with seller assistance available to facilitate a smooth handover. Priced at $449,900, this property presents an exceptional return on investment.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $260,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $275,000
- 6.5%
- $230,000
- 7%
- $265,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $215,000
- Geo Method
- $275,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $290,000
- Retail
- $235,000
- Mixed-Use
- $230,000
- Hospitality
- $220,000
- Educational
- $250,000
- Residential Income
- $285,000
- Energy
- $215,000
- Income-Based Land
- $280,000
- Food Service
- $210,000
Location Insight
- Map
- Local Demand
- City
- Racine
- County
- Racine
- State
- Wisconsin
- Longitude
- -87.8238
- Latitude
- 42.6971
- CBSA code
- 39540
- CBSA name
- RACINE, WI METROPOLITAN STATISTICAL AREA
