740 Washington St
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740 Washington St
8,226 SF 100% Leased Retail Building Wausau, WI 54403 $530,000 ($64/SF)
Investment Highlights
- Full Kitchen and equipment
- Multiple Bar Areas
- Detached Garage Storage
- Renovated Bar Area
- Large Parking Lot
- Apartment above bar
Executive Summary
Property is owned by a licensed real estate agent. Looking to invest in the bar restaurant business? This is the property for you! Recently updated (2009) and fully remodeled bar with an apartment above. Large black-top parking lot offers plenty of room for customers (67 spaces total). There is a detached garage that offers additional storage. The main bar area is all updated and offers plenty of seating around the bar as well as space for 2 pool tables and a dart board. On the other side of the bar are gaming machines (Rented) and a few tables for additional space. Behind that area is another large space that could be used as a dining room for customers who come for food. There is a second bar located at the back of the dining room and the dining room also leads out to an outdoor patio which offers even more space for customers. The bar does have a full kitchen that comes with all the kitchen equipment needed. The basement offers lots of storage but it also features another full bar area. This could be used for private parties as it has everything you need down there from a fully functional wet bar to private bathrooms. All in all this bar just needs a new owner to take over and bring it back to life. The property is currently zoned urban mixed-use. The potential in this building is amazing and you really have to see it to believe it! Property cannot be rented, MUST be sold. Call today for your own private showing!
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Bar
Building Size
8,226 SF
Building Class
C
Year Built/Renovated
1915/2009
Price
$530,000
Price Per SF
$64
Percent Leased
100%
Building Height
1 Story
Building FAR
0.19
Land Acres
0.98 AC
Opportunity Zone
Yes
Zoning
UMU - Urban Mixed-Use
Parking
67 Spaces (8.14 Spaces per 1,000 SF Leased)
Amenities
- Courtyard
- Restaurant
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
Walk Score ®
Very Walkable (74)
PROPERTY TAXES
Parcel Number | 291-2907-361-0439 | Improvements Assessment | $307,400 |
Land Assessment | $211,700 | Total Assessment | $519,100 |
PROPERTY TAXES
Parcel Number
291-2907-361-0439
Land Assessment
$211,700
Improvements Assessment
$307,400
Total Assessment
$519,100
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740 Washington St
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