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$2,122,100
Est. payment /mo
14,577 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail,Office(s),Restaurant/Supper Club,Tavern/Bar
Listing Status Active
Purchase Type For Sale
Square Footage 14,577 sqft
Price per Sqft $145
MLS Listing ID 2001737
Year Built 1947
Annual Tax Amount $20,280
Tax Year 2024
Lot Size 1.500 Acres
Acres 1.5
Property Sub-Type Retail,Office(s),Restaurant/Supper Club,Tavern/Bar
Property Description
9.0% Cap Rate! Great investment opportunity to purchase a commercial property on Madison?s east side. 1617 N. Stoughton Rd. is leased to two credible tenants (a well-established, longtime Madison-area restaurant, and a national medical center). Long term for a future development, the current CC-T zoning offers one of the best and diverse zoning categories that Madison has to offer. This is a very unique investment with long term redevelopment possibilities.
Location
State WI
County Dane
Zoning CC-T
Rooms
Basement Partial
Interior
Heating Natural Gas
Cooling Forced Air, Central Air, Other
Exterior
Roof Type Other
Building
Story 1
Sewer Municipal Water
New Construction N
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Listed by Plato Commercial Real Estate, LLC
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