318 W. College Ave. Mixed Use Building for Sale

Mixed Use Building in the heart of downtown.

318 W. College Ave.

• Price:
  $799,000
• Building Size:
  45,916 SF
• Price/SF:
  $17.40
• Property Type:
  Retail
• Property Sub-type:
  Street Retail
• Additional Sub-types:
  Restaurant
  Retail (Other)
• Property Use Type:
  Investment
• Distressed:
  Yes
• Occupancy:
  34%
• No. Stories:
  2
• Tenancy:
  Multiple
• Year Built:
  1949
• Lot Size:
  0.38 AC
• APN / Parcel ID:
  31-2-0243-00
• Find Out More…

Highlights

• Ideal for owner/user or investor with significant upside potential
• Excellent visibility (16,000 VPD) and access
• Close proximity to shops and restaurants along College Avenue

• 91,000+ residents within three-mile radius
• Offered at 73.6% of assessed value

Description

Siegel-Gallagher, Inc., and A&D Realty, LLC, on behalf of the court-appointed Receiver, are pleased to present the following information on a 45,916-square-foot mixed-use building located in the heart of downtown Appleton, WI. The property offers an owner/user an excellent opportunity to establish a retail/restaurant/entertainment operation or the potential for an investor to add value through an active leasing campaign and/or conversion of second-floor space to an alternative use.

Constructed in 1949, the subject property at 318 W. College Avenue in Appleton, Wisconsin, is a 45,916-square-foot, mixed-use building featuring existing ground-floor and lower-level retail/restaurant operations. The three-level property is situated on a 0.38-acre parcel in the heart of downtown Appleton near the Fox Cities Performing Arts Center and numerous other retailers. Neighboring uses include office and retail to the east and west along with the Radisson Paper Valley Hotel to the south of the property. To the north is a large parking garage that is easily accessible.

The subject property is currently 33.7% occupied by two tenants, leaving the entire 2nd floor and most of the 1st floor vacant, creating opportunity for an owner/user or potential upside for an investor. The largest tenant, Shark’ s Club, occupies an estimated 14,000 square feet of the lower level space, while the remaining tenant, Subway, occupies 1,485 square feet on the ground floor.