Bought with Michael P Argeropoulos • Riverwest Realty Milwaukee
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3853 N Richards Unit 3855 Milwaukee, WI 53212
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Key Details
Sold Price $218,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 5,151 sqft
Price per Sqft $42
MLS Listing ID 1669459
Sold Date 04/27/20
Year Built 1920
Annual Tax Amount $7,748
Tax Year 2019
Lot Size 3,049 Sqft
Acres 0.07
Property Description
Great investment opportunity in Riverwest. Vintage bar & restaurant in beautiful condition. 80 person capacity. License has been permitted to lapse on food service as Seller's prepare to divest the property. All FF & is included - see attached list. Bar/restaurant is about 2,150 sf. Transfer/re-establishment of any licensure is responsibility of buyer. Property also contains a 2 bdrm apartment unit & a 12 room rooming house on 2nd floor. Bar & rooming house bathrooms recently remodeled. New vinyl replacement windows throughout except bar storefront windows. Property has ability to be a cash cow for an investor or safely hedge carry/occupancy costs for a user. See attached pro forma & FF & E rider. Apartment & rooming house vacant. Seller will vacate bar upon closing.
Location
State WI
County Milwaukee
Zoning IL2
Rooms
Basement Full, Poured Concrete
Interior
Heating Hot Water/Steam, Natural Gas
Cooling Hot Water/Steam, Natural Gas
Flooring No
Exterior
Exterior Feature Brick
Roof Type Rubber
Building
Water Municipal Sewer, Municipal Water
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