The subject property offers a rare opportunity for a developer or owner-user to acquire a large lot of land in downtown Manitowoc, WI. Pizza Hut has occupied the 2,251 square foot building for 35+ years and will be vacating December 8th, 2024 (Landlord has the option to terminate early). Drive-thru's are permitted at the site. The 0.55 AC lot is situated on the hard corner on Washington St and 11th St with daily traffic counts over 9,000 vehicles per day. Subject property is located in a TIF Zone.
Directly across the street is Manitowoc’s public park which is a central hub for the local community. Festivals, movies, fairs, concerts and much more are frequently held there which drives foot traffic to the immediate area. On top of that, the city recently raised funds to invest in the infrastructure of downtown Manitowoc. The city is the economic engine for the immediate region and is a vibrant, waterfront community on Lake Michigan just 35 minutes south of Green Bay, WI. An upscale six story, 81-unit apartment complex, “River North Apartments,” was just constructed only 0.3 miles from the subject property was completed in the fall of 2022 which drives traffic and growth to the immediate area.
Broker of Record:
Daniel Walsh | WI Lic# 58230-90