N91W16356 Pershing Ave, Menomonee Falls, Wisconsin, 53051
5,274 Sqft
0.25 Acres
#1986129
Rare Opportunity in heart of Menomonee Falls, WI. RESTAURANT BUSINESS IS REMAINING AND NOT PART OF THE SALE. Mixed use building in downtown Menomonee Falls, WI. Anchor tenant is Restaurant / Bar that has been in business 60 + years. Four apartments (3 bedroom / 2 Bedroom / 1 Bedroom / Studio) and Garage with office combine for multiple income streams. Three of the four apartments have been remodeled in the last 5 years. Apartments rent within DAYS. Within 100 yards of two large high end apartment complexes and multiple retail centers. PRICED TO SELL AT TODAY'S 8.6 CAP RATE with strong potential upside. Short term rentals a possibility due to historic nature of building and zoning and location. Strong Cash flow with significant upside.
PROPERTY FEATURES
- Water Source : Public
- Sewer : Public Sewer
- Zoning Description : PDD
- Construction Materials: Wood Siding, Vinyl Siding
- Basement Description : Partial
- Basement on Property:
PROPERTY DETAILS
ID: 1986129
Status: Active
Price: $850,000
Acres: 0.25 Acres
Price Per Acre: $3,400,000
Type: Multi-family
Address: N91W16356 Pershing Ave
City, State: Menomonee Falls, Wisconsin
County: Waukesha
Zip Code: 53051
Lat/Long: 43.183522, -88.11301
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