748 CENTRAL AVE new Save Request In-Person Tour Request Virtual Tour
Florence,WI 54121
Key Details
Property Type Commercial
Sub Type Hotel/Motel
Listing Status Active
Purchase Type For Sale
Square Footage 15,400 sqft
Price per Sqft $60
MLS Listing ID 213279
Full Baths 4
Year Built 1937
Annual Tax Amount $6,374
Tax Year 2024
Lot Size 7,187 Sqft
Property Sub-Type Hotel/Motel
Property Description
Encore on Central is a rare opportunity to own a fully renovated 15,000 sq ft historic commercial building on highly visible US Hwy 2 in Florence, WI. This iconic property offers endless income potential and is move-in ready for various uses. Inside, a breathtaking grand ballroom seats up to 300—perfect for weddings, corporate events, and special occasions. It includes a full commercial kitchen, beautiful bar, and all tables, chairs, and inventory. Current tenants generate income with a tanning business, martial arts studio, and gym. With a valid WI liquor license, this venue is primed for expansion as a brewery, supper club, upscale event space, or business incubator. Over $1M in renovations, including full point-tucking, preserve historic charm while adding modern amenities. A true turn-key investment with outstanding income potential in a high-traffic location. Bring your vision to life in this remarkable property.
Location
State WI
County Florence
Community Recreation Area,Sidewalks,Trails/Paths
Interior
Heating Forced Air,Natural Gas
Cooling Central Air
Flooring Carpet,Concrete,Laminate,Mixed,Tile,Wood
Inclusions Real Estate Only,Fixtures,Equipment,Furniture,Inventory,Supplies
Exterior
Exterior Feature Handicap Accessible,Sprinkler/Irrigation,Landscaping
Parking Features Paved,Public,Parking Lot
Community Features Recreation Area,Sidewalks,Trails/Paths
Utilities Available High Speed Internet Connected
Roof Type Metal,Rubber
Building
Story 3
Sewer Public Sewer
Water Public