508 Central AveFlorence, WI 54121

For Sale
$195,000

Turnkey Restaurant & Bar, $195,000

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional opportunity presents a well-established restaurant and bar in Florence, Wisconsin, ideally situated on the ATV/Snowmobile trail in the heart of town. The property boasts a substantial 4,030 square foot building, encompassing a spacious dining room with seating for over 80 patrons, a wrap-around bar accommodating 26-30 guests, and a separate party room with capacity for an additional 40. The property includes over 20 parking spaces on-site, supplemented by additional parking across the street. The business, operating for over 30 years, previously offered a diverse menu featuring made-to-order pizzas, Italian cuisine, steaks, and seafood, along with convenient takeout options. The building itself is in good condition, having undergone various improvements and updates to the bar, kitchen, and dining areas over the years. The sale includes the entire 0.33-acre lot and building. The business closed operations on January 1, 2024, presenting a unique opportunity for an owner/user to relaunch a thriving establishment or repurpose the space. This single-unit, single-story building offers a turnkey solution for an experienced restaurateur or a new venture seeking a prime location with significant existing infrastructure. The property's history, location, and size make it an attractive investment opportunity. The 100% occupancy rate at the time of closure speaks to the location's desirability.

Highlights

  • Established restaurant and bar with 30+ year history in Florence, WI.
  • 4,030 sq ft building with seating for over 140 patrons, including a bar and party room.
  • Over 20 on-site parking spaces plus additional parking nearby.
  • Prime downtown Florence location on ATV/Snowmobile trail.
  • Previously served full menu including pizza, Italian, steaks, seafood, and takeout.

Property Details for 508 Central Ave

Property type
Other retail properties, Restaurants
Square Feet
4,030 SF
Buildings
1
Stories
1
Lot Size (sq. ft)
14,375 SF
Units
1

Location Insight

City
Florence
County
Florence
State
Wisconsin
Latitude
45.9226642
Longitude
-88.2495751
508 Central Ave, Florence, Wisconsin

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508 Central Ave
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