1259 Anchor Landing Dr - Restaurant FOR SALE


Wisconsin Rapids, WI 54494
$1,495,000 USD
612-385-5546
1259 Anchor Landing Dr, Wisconsin Rapids, WI for Sale
$1,495,000 USD
Restaurant - FOR SALE
1/8
null | 19.13% Cap Rate

1259 Anchor Landing Dr
Wisconsin Rapids, WI 54494


HIGHLIGHTS

  • 19.13% cap rate - Popular riverside restaurant & bar with dedicated boat slips open year-round
  • Located in Central Wisconsin on the Wisconsin River, known for its scenic beauty and recreational opportunities.
  • Offers a Northwoods relaxed & casual atmosphere welcoming locals and vacationers including boaters, golfers, snowmobilers, ohv riders, hikers, etc.
  • 5,813 sf building on 2.144 acres of land with a capacity of 336, indoor and outdoor seating and event space, numerous recent capital improvements
  • Additionally available, but not included in the sale price, is a 0.44 acre lot with 5,000 sf pole building-providing multiple opportunities for growth

OVERVIEW

SVN | Northco is pleased to present the listing of Anchor Bay Bar & Grill ("Property"), a popular waterfront restaurant and bar with dedicated boat slips open year-round in Wisconsin Rapids on the Wisconsin River. The Property was built in 2006 and is known for its excellent food including the Friday night fish fry and signature pizzas served by a friendly, efficient staff. The Property has a Northwoods relaxed and casual atmosphere and often welcomes boaters, golfers, snowmobilers, ohv riders, hikers, bikers, cross-country skiers, and fishermen. Anchor Bay has a capacity of 336 individuals and offers ample indoor and outdoor patio seating and event space while frequently having live music for guests to enjoy. The owners have made numerous recent capital improvements and also have an adjacent lot with pole building available for sale, as well, that provides multiple opportunities for growth of the operations.

FOR SALE DETAILS

PRICE

$1,495,000 USD

PRICE/SF

$257 USD /SF

CAP RATE

19.13%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Anchor Bay Bar & Grill

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.14 AC

LAND SF

93,218 SF

ZONING

Commercial

APN/PARCEL ID

2400002

ASK ABOUT THIS PROPERTY

Frank JermusekSVN | Northco Real EstateMore Info
612-385-5546

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Frank JermusekSVN | Northco Real EstateMore Info
612-385-5546

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.