Contact Bunbury at 1-877-233-7356 or
[email protected] for more information about this property.

5533 Femrite Dr,  Madison,  WI  53716 $475,000 Sold
5533 Femrite Dr,  Madison,  WI  53716
$475,000
Sold
More Photos
 Property Type Business/Commercial
 Parcel # 0710-223-0097-5
 County Dane
 Sub Area E12
 Municipality Madison
 MLS# 1879741
 Listing Date 03/20/2020
 Sold Price $430,000
 Close Date 05/13/2021 12:00 AM

MLS Public Remarks  Unique redevelopment opportunity with beltline exposure. Conveniently located on Madison's south east side. Within minutes of the beltline and I-90/94. Listing consists of 2.42 acres and includes two outbuildings currently occupied by 4 tenants. Location is perfect for industrial or warehouse redevelopment or would be a great location for storage units!
LOCATION  
  • Location  City
  • Other Marketing Area  
  • Mailing City  Madison
  • C/T/V  City
  • Unit #  
  • Directions  East On E. Broadway Past Stoughton Road. First Left Onto Femrite Dr.
    • BUILDING DESCRIPTION  
  • Real estate for sale  Yes
  • Business for sale  No
  • For lease only  No
  • Ann. Rent/SqFt  $4
  • Total Units/Bldg  2
  • Building Gross SqFt  3,600
  • Net Leasable SqFt  3,600
  • Year Built  1994
  • Source for Year Built  Othr
  • Approx Bldg Dimen  30x60
  • Street Frontage  0
  • Parking Fees/Mo.  $0
  • Onsite Parking  Y
  • # of Stories  1
  • Ceiling Height Min  10
  • Ceiling Height Max  10
  • Number of Loading Docks  0
  • Zoning  IL
  • Est. Total Acres  2.42
  • Source Of Est Acres  PubR
  • Lot Dimensions  
  • Owner  
  • Tradename  
    • ASSESSMENT & TAXES  
  • Land Assessment  $132,000
  • Assessment Year  2019
  • Net Taxes  $5,639
  • Tax Year  2019
  • Improvements  $118,000
  • Total Assessment  $250,000
    • ANNUAL INCOME/EXPENSES  
  • Income/Expenses Year  $2,019
  • Gross Operating Income  $37,800
  • Annual Operating Exp  $11,893
  • Net Operating Income  $25,906
    • UNIT INFORMATION  
    Unit Lease Type Lease Exp. Date Renewal Option Base Annual Rent Annual Rent/SqFt Other Fees/SqFt Gross SqFt
    1 M2M Expired 0 $7,800 $4 $0 1,800
    2 - 0 0 $0 $0 $0 0
    3 - 0 0 $0 $0 $0 0
    Items Included 
    Items Excluded 
    INTERIOR FEATURES  
  • Heating/Cooling  Wall Furnace
  • Water/Waste  Municipal sewer, Municipal water
  • Basement  Slab/None
  • Fuel  Electric, Natural gas
  • Seating Capacity  
    • EXTERIOR FEATURES  
  • Type   Industrial, Vacant land, Warehouse
  • Exterior Treatment  
  • Building Parking  11-20 spaces, Gravel, Paved
  • Roofing  Metal
  • Terms/Option  
  • Miscellaneous  
    • OTHER FEATURES  
  • Documents on File  P & L statement
  • Location  Industrial park
  • Tenant Pays  No expenses
  • Present Use  Industrial, Warehouse
  • Licenses  
  • Lease Type  Gross, Month to month
  • Occupied by  
  • Sale Includes  Lease(s)
  • Features  Outside storage, Overhead doors, Private Restrooms



    • Above Information Deemed Reliable, But Not Guaranteed

    Listing Courtesy of Artisan Graham Real Estate