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Dina Mia of Florence Bar & Restaurant 508 Central Ave

4,030 SF Retail Building Florence, WI 54121 $195,000 ($48/SF)

Restaurants Wisconsin Florence 508 Central Ave, Florence, WI 54121

Investment Highlights

  • Dina Mia has been in business for 20+ years
  • A town staple serving up homemade delicious Italian cuisine

Executive Summary

Dina Mia of Florence, restaurant and bar had been serving the area for over 30 years in traditional Wisconsin Supper Club fashion, however, the owners have chosen to retire and have closed their doors as of 1/1/24. During this time they served a full menu, including take out, specializing in made to order pizzas, Italian cuisine, steaks & seafood. The wrap around bar seats 26-30 patrons, the dining room seats over 80 & the adjacent party room adds additional 40 seats . Additional revenue was generated from the coin machines with a revenue split. The owners had kept pace over the years with various improvements and updates to bar/kitchen/dining room. Real estate includes the 4000 + sf building and the adjacent parking lot with over 20 spaces. Additional parking available in the bank lot

Attachments

Dina Mia Menu

Taxes & Operating Expenses (Actual - 2022)

Annual Annual Per SF
Taxes $4,675 $1.16
Operating Expenses $300 $0.07
Total Expenses $4,975 $1.23

Taxes & Operating Expenses (Actual - 2022)

Taxes
Annual $4,675
Annual Per SF $1.16
Operating Expenses
Annual $300
Annual Per SF $0.07
Total Expenses
Annual $4,975
Annual Per SF $1.23

Property Facts

Sale Type
Owner User
Sale Condition
Business Value Included
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,030 SF
Building Class
B
Year Built
1950
Price
$195,000
Price Per SF
$48
Building Height
1 Story
Building FAR
0.55
Lot Size
0.17 AC
Zoning
G2 Commercial - Commercial
Parking
15 Spaces (3.72 Spaces per 1,000 SF Leased)
Frontage
67 FT on U.S. Route 2

Amenities

  • Restaurant
  • Signage

About 508 Central Ave , Florence, WI 54121

Dina Mia of Florence, restaurant and bar has been serving the area for over 30 years in traditional Wisconsin Supper Club fashion. They closed operation on January 1, 2024 but previously served a full menu, including take out, specializing in made to order pizzas, Italian cuisine, steaks & seafood. The wrap around bar seats 26-30 patrons, the dining room seats over 80 & the adjacent party room adds additional 40 seats . The owners have now retired, but had kept pace over the years with various improvements and updates to bar/kitchen/dining room. Real estate includes the 4000 + sf building and the adjacent parking lot with over 20 spaces. Additional parking available in the bank lot across the road. This business is located on the ATV/Snowmobile trail in the center of Florence.

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PROPERTY TAXES

Parcel Number 010-02562-0000 Total Assessment $189,600 (2023)
Land Assessment $9,000 (2023) Annual Taxes $4,675 ($1.16/SF)
Improvements Assessment $180,600 (2023) Tax Year 2022 Payable 2023

PROPERTY TAXES

Parcel Number
010-02562-0000
Land Assessment
$9,000 (2023)
Improvements Assessment
$180,600 (2023)
Total Assessment
$189,600 (2023)
Annual Taxes
$4,675 ($1.16/SF)
Tax Year
2022 Payable 2023
(920) 536-0878

Contact

  • Listing ID: 27022851

  • Date on Market: 11/2/2022

  • Last Updated:

  • Address: 508 Central Ave, Florence, WI 54121

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Dina Mia of Florence Bar & Restaurant | 508 Central Ave
(920) 536-0878 x

Dina Mia of Florence Bar & Restaurant | 508 Central Ave

Mike Gotstein

(920) 536-0878

(920) 536-0878

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