Property profile

520 S Pearl St New London, WI 54961

FOR SALE
Commercial real estate
Property ID
US92-2094293
0.38 ac lot
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional opportunity presents the sale of a well-established restaurant located at 520 S Pearl Street, New London, Wisconsin, 54961-1473. The property, encompassing two Waupaca County tax IDs (33 12 77270 and 33 12 77261), includes a substantial 4300 square foot building and all its contents. The sale includes a complete turnkey operation, offering a seamless transition for a new owner. Years of successful operation have built a loyal clientele and a strong reputation for delicious breakfasts, lunches, and dinners. The restaurant boasts a full bar with a liquor license, making it a versatile and profitable venture. Extensive equipment is included in the sale, encompassing grills, a sham, fryers, toasters, dishes, tables, chairs, coolers, freezers, and salad bars, along with existing decor. The restaurant has a significant seating capacity, accommodating nearly 200 patrons, ideal for banquets and large gatherings. Inventory will be transferred via a separate Bill of Sale. The asking price is $699,000. Private showings are required

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 0.38 ac (16,640 SF)
APN 33 12 77270
UPID US92-2094293

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

520 S Pearl St New London, WI 54961
New London metro Census 100900
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$245k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$245k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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