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302 N 3rd St 4,240 SF Office Building Watertown, WI 53094 $499,000 ($117.69/SF)



INVESTMENT HIGHLIGHTS
- Completely updated and remodeled.
- Conveniently located 1/2 block from City Hall in the downtown central business district
- Fully furnished with private offices and ADA compliant
- The property is for sale or for lease.
EXECUTIVE SUMMARY
City Centre is a mid century modern office building designed by the renowned architect Helmut Ajango. The 4,240 square foot building was completely remodeled in 2018, and had a new roof installed in 2023. It is conveniently located 1/2 block from City Hall in the downtown central business district. It includes 14 private offices (13 of which are leased) on the perimeter of the of the interior (see floor plan image), 5 total restrooms, 2 of which are ADA compliant. The common area features a large conference room, complete kitchen, separate coffee bar, plug-and-play campus, a large reception and two waiting areas for guests. City Centre has a full dry basement for plenty of storage. A private fenced in patio with access only from inside the building which is an added bonus. Offices are available furnished or unfurnished. Two of the offices are furnished with custom designed modern desking and cabinetry. The largest office is available with a Techline executive office system made from Honduran mahogany, 8 x 6 foot bookshelf, vertical files and more. A portion of the building is currently leased with short term tenants, with the entire building available soon. City Centre has 5 separate entrances to the building, with the main entrance on north third street. A private parking lot is included and will accommodate up to 20 cars. The property is for sale or lease either for the entire building or for separate individual offices.
TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
-
|
-
|
| Operating Expenses |
-
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-
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| Total Expenses |
$99,999
|
$9.99
|
TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS Under Contract
Sale Type
Owner User
Property Type
Office
Building Size
4,240 SF
Building Class
B
Year Built
1956
Price
$499,000
Price Per SF
$117.69
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
4,240 SF
Building FAR
0.31
Lot Size
0.31 AC
Opportunity Zone
Yes
Zoning
Mixed Use - Commercial, Residential, and Multi-family
AMENITIES
- 24 Hour Access
- Central Heating
- Air Conditioning
1 1
Walk Score®
Very Walkable (88)
PROPERTY TAXES
| Parcel Number | 291-0815-0412-091 | Improvements Assessment | $302,500 (2024) |
| Land Assessment | $47,500 (2024) | Total Assessment | $350,000 (2024) |
PROPERTY TAXES
Parcel Number
291-0815-0412-091
Land Assessment
$47,500 (2024)
Improvements Assessment
$302,500 (2024)
Total Assessment
$350,000 (2024)
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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Presented by
Christine Aufderhaar
302 N 3rd St
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