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1617 N Stoughton Rd
Madison, WI 53704
Nova Medical Center · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Great Investment Opportunity!
EXECUTIVE SUMMARY
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 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.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Building Size
9,421 SF
Building Class
C
Year Built
1947
Price
$2,122,100
Price Per SF
$225.25
Cap Rate
9%
NOI
$190,989
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.14
Lot Size
1.50 AC
Zoning
CC-T - Commercial
PROPERTY TAXES
| Parcel Number | 0810-332-0305-1 | Improvements Assessment | $580,300 |
| Land Assessment | $570,000 | Total Assessment | $1,150,300 |
PROPERTY TAXES
Parcel Number
0810-332-0305-1
Land Assessment
$570,000
Improvements Assessment
$580,300
Total Assessment
$1,150,300
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