Overview

Listing ID:#20185432

Building SF:9,421

Price:$2,300,000

Building PSF:$244.14

Property Type:Retail

Date Available:Now

1617 N. Stoughton Rd - Sale Flyer.pdf

~8% cap rate sale

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.

Financial Information

Gross Income:$218,040

Total Expenses:$27,051

Net Op. Income:$190,989

Cap Rate:8.30%

Current Tenants:2

Percent Leased:100%

Building Details

Building Type:Multi-Tenant

Building Status:Existing

Contact Listing Agent

Kent Yan

608-240-2010
608-698-6833
Email

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.