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53 E Towne Mall
Madison, WI 53704
Retail Property For Sale
Investment Highlights
- Great Location with lot of foot traffic.
- Space can be used for self storage.
Executive Summary
Property features include: 14.83 acres; building 145,350 SF. $17,500 Per Unit. The site can support over 1,000 residential housing units. Bus Rapid Transit begins in Summer 2024 from East Towne to West Towne to downtown. The homeless shelter is being relocated. A great use for self storage.
Property Facts
Sale Type
Investment
Sale Condition
High Vacancy Property
Property Type
Retail
Property Subtype
Building Size
145,350 SF
Building Class
B
Year Built/Renovated
1971/1994
Price
$10,700,000
Price Per SF
$73.62
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
14.83 AC
Zoning
RMX - REGIONAL MIXED-USE - high-intensity mixed-use centers supporting a variety of multifamily housing and commercial.
Parking
1,137 Spaces (7.82 Spaces per 1,000 SF Leased)
Amenities
- Signage
Property Taxes
| Parcel Number | 0810-273-0094-6 | Improvements Assessment | $720,000 |
| Land Assessment | $2,280,000 | Total Assessment | $3,000,000 |
Property Taxes
Parcel Number
0810-273-0094-6
Land Assessment
$2,280,000
Improvements Assessment
$720,000
Total Assessment
$3,000,000
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