Overview

Listing ID:#20179692

Building SF:3,659 - 10,317

Parcel Size:10,317 SF

Price:$1,180,000

Building PSF:$114.37 - $322.49

Property Type:Office, Retail

Date Available:Now

INVESTMENT PROPERTY | Madison, WI

Property is located on the hard corner of Sherman Terrace and Sherman Avenue. It offers great visibility and is centrally located between downtown Madison and lovely Maple Bluff! Escape the hectic pace of Hwy 151 benefiting from its 45,000 VPD and over 24,000 VPD on E Johnson. Enjoy eclectic bars-restaurants such as Lola's Hi-Low Lounge or Bear & Bottle balanced with nature's beauty at the Tenny Park Rink and Burrows Park. This property offers an ideal opportunity to own-occupy an investment property geared toward destination retail, office space and fast casual offerings or a full-service restaurant. Utilities are separated except for water (easily demise into two separate units) and there's a walk-in cooler. There are 15 parking stalls at the property with the ability to add more at the rear of the property. Property offers significant upside with development opportunity with over 10k SF. Upon sale, owners will vacate property at an agreed upon date.

Financial Information

Cap Rate:6.00%

Current Tenants:2

Percent Leased:100%

Real Estate Taxes:$13

Tax Year:2023

Building Details

Building Type:Strip Center

Building Status:Existing

Year Built:1949

Year Renovated:1985

Current Use:Retail-Office

Number of Floors:1

Number of Offices:2

Number of Restrooms:2

Zoning:TR2

Outside Parking:Yes

Outside Parking per 1,000 sf:5

Municipal Sewer:Yes

Municipal Water:Yes

Hwy Exposure:Yes

Cable:Yes

DSL:Yes

T1:Yes

Bus Line:Yes

Building Amenities

Break Room:Yes

Lounge:Yes

Cafeteria:Yes

Conference Room:Yes

Reception Area:Yes

Shower:Yes

Contact Listing Agent

Heather Ewing, CCIM

608-239-4781
608-239-4781

Important Disclaimer: Content for property listings on this website is provided by third parties. The party posting this listing is solely responsible for the accuracy of the information provided, including commissions. PropertyDrive makes no guarantee, warranty, or representation about the accuracy, timeliness or thoroughness and disclaims responsibility for the content of any property listing. PropertyDrive reserves the right to remove listings at any time.