Overview

Listing ID:#20185432

Building SF:9,421

Price:$2,300,000

Building PSF:$244.14

Property Type:Retail

Date Available:Now

~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

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