For Sale
$1,200,000

300 Wolf River Plz New London, WI 54961

Downtown New London shopping center, strong upside potential.

Overview

Added:
Dec 11, 2024
Days on market:
138
Wolf River Plaza, a 52,290 square foot Class C shopping center in New London, Wisconsin, presents a compelling value-add and owner-user opportunity. This multi-tenant property, built in 1979 and renovated in 2019, consists of two single-story buildings situated on a B-1 Central Business District zoned lot. Currently operating under net leases, the property offers significant upside potential through re-tenanting and repositioning of vacant spaces and near-term lease rollovers. The property benefits from its location in the heart of downtown New London, shadow-anchored by Festival Foods, ensuring a strong consumer draw. Its convenient access to Highways 45 and 54 (Fairview Drive) further enhances its appeal. The substantial parking caters to both tenants and customers. The property's flexible zoning allows for a multitude of uses, and the possibility of parcelization for future dispositions provides additional investment flexibility. Nearby employers, including Tyson Foods and Amcor Packaging, contribute to a robust local economy. The asking price is $1,200,000, translating to $35 per square foot. This presents a rare chance to acquire a well-located retail property with considerable growth potential in a thriving Wisconsin community.

Highlights

  • Value-Add Opportunity with Owner-User Potential
  • Significant Upside Through Tenant Repositioning
  • Abundant Parking
  • Excellent Highway Access via Hwy 45 and Hwy 54 (Fairview Drive)

Property Details for 300 Wolf River Plz

Property type
Lifestyle centers, Power centers
Square Feet
52,290 SF
Class
C
Year Built/Renovated
1979/2019
Buildings
2
Stories
1

Location Insight

City
New London
County
Waupaca
State
Wisconsin
Latitude
44.393982177077
Longitude
-88.743137752718

FAQs

What type of property is this?
Lifestyle center - Downtown New London shopping center, strong upside potential.
Where is the lifestyle center located?
The property is located at 300 Wolf River Plz New London, WI.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Value-Add Opportunity with Owner-User Potential; Significant Upside Through Tenant Repositioning; Abundant Parking
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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300 Wolf River Plz
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