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318 W North Water St 6,400 SF 100% Leased Retail Building New London, WI 54961 $941,004 CAD ($147.03 CAD/SF) 11.47% Cap Rate
Investment Highlights
- Fully Leased
- 5 apartments + 1 commercial tenant
- 11.47% cap rate
Executive Summary
Excellent investment opportunity in the heart of downtown New London! This mixed-use property features five residential apartments on the upper level and an established commercial bar tenant on the main floor, providing multiple income streams. Situated along the Wolf River, the property offers a unique waterfront setting in a convenient downtown location. Offered as a turnkey rental investment with an attractive 11.5% cap rate, this is a great opportunity to add a strong cash-flowing mixed-use asset to your portfolio.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Bar
Building Size
6,400 SF
Building Class
B
Year Built
1920
Price
$941,004 CAD
Price Per SF
$147.03 CAD
Cap Rate
11.47%
NOI
$107,933 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.47
Lot Size
0.10 AC
Zoning
Mercantile
Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 33 12 71 30 | Improvements Assessment | $123,376 CAD |
| Land Assessment | $31,227 CAD | Total Assessment | $154,603 CAD |
Property Taxes
Parcel Number
33 12 71 30
Land Assessment
$31,227 CAD
Improvements Assessment
$123,376 CAD
Total Assessment
$154,603 CAD
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318 W North Water St
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