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785 University Ave,  Madison,  WI  53715 $99,000 Expired
785 University Ave,  Madison,  WI  53715
$99,000
Expired
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 Property Type Business/Commercial
 Parcel # 0709-232-3202-2
 County Dane
 Sub Area W01
 Municipality Madison
 MLS# 1892883
 Listing Date 09/04/2020

MLS Public Remarks  TURN-KEY restaurant business in Lucky building right in UW-Madison campus waiting for you to re-open. About 5,500 sqft , discounted rent: $7500/Mo + tax; or $9100/MO with all CAM expenses; The restaurant had excellent business prior to Covid-19 lockdown. All restaurant equipment EXCEPT Five(5) hot pot tables, utensils, tables & chairs shall be included in the purchase price. Excellent opportunity with very little investment to run a restaurant at this prime location.
LOCATION  
  • Location  City
  • Other Marketing Area  
  • Mailing City  Madison
  • C/T/V  City
  • Unit #  
  • Directions  South Side Of University Ave In Lucky Building
    • BUILDING DESCRIPTION  
  • Real estate for sale  No
  • Business for sale  No
  • For lease only  Yes
  • Ann. Rent/SqFt  $16
  • Total Units/Bldg  999
  • Building Gross SqFt  98,341
  • Net Leasable SqFt  98,341
  • Year Built  2008
  • Source for Year Built  PubR
  • Approx Bldg Dimen  999
  • Street Frontage  999
  • Parking Fees/Mo.  $150
  • Onsite Parking  Park deck
  • # of Stories  12
  • Ceiling Height Min  18
  • Ceiling Height Max  20
  • Number of Loading Docks  4
  • Zoning  PD
  • Est. Total Acres  0.0
  • Source Of Est Acres  Othr
  • Lot Dimensions  
  • Owner  
  • Tradename  Madison Cuisine
    • ASSESSMENT & TAXES  
  • Land Assessment  $795,000
  • Assessment Year  2020
  • Net Taxes  $149,130
  • Tax Year  2019
  • Improvements  $5,820,000
  • Total Assessment  $6,615,000
    • ANNUAL INCOME/EXPENSES  
  • Income/Expenses Year  $0
  • Gross Operating Income  $0
  • Annual Operating Exp  $0
  • Net Operating Income  $0
    • UNIT INFORMATION  
    Unit Lease Type Lease Exp. Date Renewal Option Base Annual Rent Annual Rent/SqFt Other Fees/SqFt Gross SqFt
    1 NNN 04/2025 Yes $90,000 $16 $0 5,500
    2 - 0 0 $0 $0 $0 0
    3 - 0 0 $0 $0 $0 0
    Items Included Restaurant equipment, dining furniture, utensils;
    Items Excluded 
    INTERIOR FEATURES  
  • Heating/Cooling  Central air, Forced air
  • Water/Waste  Municipal sewer, Municipal water
  • Basement  Partial
  • Fuel  Natural gas
  • Seating Capacity  51-75 persons
    • EXTERIOR FEATURES  
  • Type   Apartment building, Restaurant/Supper Club, Shopping center/StripMall
  • Exterior Treatment  
  • Building Parking  No Parking
  • Roofing  All flat
  • Terms/Option  
  • Miscellaneous  
    • OTHER FEATURES  
  • Documents on File  Fixtures & equipment, Lease(s)
  • Location  Business district, Near Major Highway, Near public transportatn, Shopping center
  • Tenant Pays  Air Conditioning, Electric, Heat, Insurance, Janitorial, Sewer, Taxes, Water
  • Present Use  Restaurant/Supper Club
  • Licenses  Food
  • Lease Type  Triple net
  • Occupied by  
  • Sale Includes  Business name, Equipment, Furniture, Lease(s), Signs
  • Features  3 phase electric, Compressor, Loading dock(s), Security system, Signage available, Truck dr(s) hgr than 15ft



    • Above Information Deemed Reliable, But Not Guaranteed

    Listing Courtesy of Tri-River Realty