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Investment Highlights
- Established turn key business
- Downtown location
- Newly and completely renovated apartment
Executive Summary
Exceptional opportunity to own a well-established, turnkey business in the heart of beautiful downtown Wabash! The sale includes the thriving Pizza King restaurant and a spacious upper-level apartment that is currently being completely renovated. Renovations are expected to be completed by the end of the month, and the apartment photos reflect the current stage of construction. The restaurant is fully equipped and ready for continued operation, featuring two 60" Blodgett stone deck ovens, a Manitowoc ice maker, ThermoAir make station, 5' x 7' Hobart walk-in cooler, and a GE vertical deep freezer. The 17' x 30' dining area offers eight booths, five tables, digital menu boards, a fountain beverage station, and two large display windows that provide additional seating and excellent downtown views. Recent exterior improvements include a newly painted front facade, new Pizza King logo awning, and new burners, reflector plates, and thermocouples in both pizza ovens. Once complete, the upper-level apartment will offer outstanding owner-occupancy or rental potential with all-new heating and cooling, an electric waterheater, PEX plumbing, fresh paint, brand-new cabinetry, and more. The spacious open-concept living area features soaring ceilings and a beautiful exposed brick accent wall, along with two bedrooms, two full baths, a flexible third room ideal for an office, bedroom, or storage room. Rear alley access with parking. Don't miss this opportunity to own a successful, established restaurant paired with a soon-to-be beautifully renovated apartment in downtown Wabash.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,648 SF
Building Class
C
Year Built
1900
Price
$329,900
Price Per SF
$90.43
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.40
Lot Size
0.06 AC
Zoning
HD - Historic Downtown. Residential apartments allowed on upper levels.
Parking
2 Spaces (0.55 Spaces per 1,000 SF Leased)
Frontage
19’ on Canal St
Amenities
- Restaurant
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 85-14-11-304-237.000-009 | Improvements Assessment | $111,100 |
| Land Assessment | $4,500 | Total Assessment | $115,600 |
Property Taxes
Parcel Number
85-14-11-304-237.000-009
Land Assessment
$4,500
Improvements Assessment
$111,100
Total Assessment
$115,600
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