$1,100,000
Fireside Restaurant & Lounge - 2801 30th Ave, Kenosha, WI
Details
APN 07-222-24-470-013
Property Type Retail
Sub Type Restaurant, Bar
Square Footage 12,969
Units 1
Cap Rate 9.23%
NOI $101,526
Occupancy 100%
Tenancy Single
Pro-Forma Cap Rate 11.14%
Pro-Forma NOI $122,557
Price per SqFt $85
Broker Co-Op Yes
Year Built 1970
Buildings 1
Stories 1
Acreage 3.590
Zoning B-2
Parking Spaces 120 spaces
Parking Per SqFt 9.25
Investment Type Value Add
Ground Lease No
Retail | 9.23% CAP | 12,969 SqFt
Marketing description
Established restaurant with over 50 years of operation. The building currently occupied by Fireside Restaurant & Lounge is just under 13,000 sq ft on an over 3.5-acre lot. Over 200-person capacity in the large banquet room with an additional 80-person capacity. Property has a large kitchen, 2 banquet rooms, a large full-sized bar with ample seating, and plentiful parking.
Parcels included in sale: 07-222-24-470-013, 07-222-24-470-016, and 07-222-24-470-005.
Great opportunity for an owner-user, a redevelopment into a multitenant building, or even a new tenant.
Open to partial seller financing for qualified buyers.
Investment highlights
- New Remodel in progress
- Multiple parcels included in the sale.
- Large parking lot (potential for outlot development).
- Multiple points of ingress and egress on 30th Ave
- Willing to include kitchen equipment
- Multiple ways to add value (tighten up operations, repurpose banquet hall into a second tenant space, develop on the empty parcel next to the restaurant that is included, bring in new tenant on NNN lease).
Listing Contacts
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$101,526.00
$8,460.50/mo
Valuation Metrics
0
DSCR
9.23%
Cap Rate
9.23%
ROI
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
