195-209 Cottage Grove Rd 29,557 SF 77% Leased Retail Building Madison, WI 53716 $3,125,000 ($105.73/SF) 4.82% Cap Rate
INVESTMENT HIGHLIGHTS
- Highly Visibile!
EXECUTIVE SUMMARY
This is a highly visible neighborhood shopping center along Cottage Grove Rd, just off of Monona Drive. Anchored by Ace Hardware, the property is surrounded by new developments, but also many single-family homes in an established and beloved neighborhood. Available for sale as an investment and/or for an owner-occupant. Lots of
potential. With this 26,333 sq. ft. center that sits on 1.90 acres; future redevelopment anyone?
potential. With this 26,333 sq. ft. center that sits on 1.90 acres; future redevelopment anyone?
PROPERTY FACTS
Sale Type
Investment
Sale Conditions
Property Type
Retail
Property Subtype
Storefront
Building Size
29,557 SF
Building Class
C
Year Built/Renovated
1959/1967
Price
$3,125,000
Price Per SF
$105.73
Cap Rate
4.82%
NOI
$150,686
Percent Leased
77%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.36
Lot Size
1.90 AC
Zoning
CC-T
Parking
75 Spaces (2.54 Spaces per 1,000 SF Leased)
Frontage
535’ on Cottage Grove Rd
AMENITIES
- Bus Line
- Security System
- Signage
- Skylights
- Air Conditioning
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
This is a highly visible neighborhood shopping center along Cottage Grove Rd, just off of Monona Drive. Available unit was recently an arcade and is pretty much a wide open floorplan with lots of storefront, and now could be the home for your business. Lots of storage in the basement as well. Approx.. 2,250 sq. ft. to 6,825 sq. ft. of main floor space + approx. 4,435 sq. ft. basement
| Space | Size | Space Use | Position | Available |
| 203 | 2,250-6,825 SF | Retail | In-Line | Now |
203
| Size |
| 2,250-6,825 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
Bike Score®
Very Bikeable (81)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0710-093-0312-5 | Improvements Assessment | $2,026,000 |
| Land Assessment | $360,000 | Total Assessment | $2,386,000 |
