1816 Washington St - Department Store FOR SALE


Two Rivers, WI 54241
$647,000 USD
920-905-0550
1816 Washington St, Two Rivers, WI for Sale
$647,000 USD
Department Store - FOR SALE
1/13
null | Request Cap Rate

1816 Washington St
Two Rivers, WI 54241


HIGHLIGHTS

  • Heavy Daytime Foot Traffic
  • Heavy Daytime Traffic as Washington St is State Highway 42
  • 3 levels plus basement all sprinklered
  • TIF Eligible for re-development per City of Two Rivers
  • High Visibility High Traffic location

OVERVIEW

Substantial Retail Building located in the heart of the downtown business district in the City of Two Rivers. Would make a great re-development project and is TIF eligible. Property is serviced by an freight elevator that reaches all 4 levels of the building. Main Floor and Basement levels provide 17,280 sq ft each and were used for retail purposes and the 2nd & 3rd floors provide 8,160 sq ft each used for storage. Building has a sprinkler system in place. This property as originally built as the Rivioli Theatre and operated as a Vaudville & Movie Theatre from 1920's to the 1950's. The Seller purchased the property in 1960 renovated it and in 1961 opened for business as Evans Dept Store. Currently tenant of the property is Christian Thrift Store. Great Development potential!

FOR SALE DETAILS

PRICE

$647,000 USD

PRICE/SF

$13 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Retail Property - Multi Use Potential

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Department Store

ADD'L SUBTYPES

Freestanding, Storefront, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1922

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.41 AC

LAND SF

17,860 SF

ZONING

B-1

APN/PARCEL ID

000-050-010-3

ASK ABOUT THIS PROPERTY

George KrauseChoice Commercial Real Estate, LLCMore Info
920-905-0550

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George KrauseChoice Commercial Real Estate, LLCMore Info
920-905-0550

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