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2510 Pennsylvania Ave,  Madison,  WI  53704 $1,595,000 Sold
2510 Pennsylvania Ave,  Madison,  WI  53704
$1,595,000
Sold
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 Property Type Business/Commercial
 Parcel # 0710-062-0209-9
 County Dane
 Sub Area E05
 Municipality Madison
 MLS# 1913158
 Listing Date 06/24/2021
 Sold Price $1,342,000
 Close Date 02/11/2022 12:00 AM

MLS Public Remarks  INVESTOR'S ALERT!! Mini Storage/warehouse facility located in north central Madison! This property consists of a large 3127 sq. foot building with approx. 2050 sq. ft of very nice office space which was totally remodeled in 2003, 25x77.5' stand alone metal building with rounded quonset type roof, 30x60 stand alone building that is partitioned for 2 tenants, Smaller 10x20 stand alone building and 93 total mini-storage units consisting of (14) 5x10 units, (33) 10x10 units, (12) 10x15 units (22) 10x20 units, and (12) 10x25 units. Property is located near the former Oscar Meyer National Headquarters & Madison Colleges property. There is a lot of potential re-development in the general area that can only help this property! Solid rental history & current Mgnt company would continue if desired
Documents and Related Links  
1) rent roll
2) P&L
3) Office floor plan
4) RECR
5) BUILDING LAYOUT MAP
LOCATION  
  • Location  City
  • Other Marketing Area  
  • Mailing City  Madison
  • C/T/V  City
  • Unit #  
  • Directions  Located On The Corner Of Commercial Ave And Pennsylvania Ave.
    • BUILDING DESCRIPTION  
  • Real estate for sale  Yes
  • Business for sale  Yes
  • For lease only  No
  • Ann. Rent/SqFt  $0
  • Total Units/Bldg  97
  • Building Gross SqFt  20,602
  • Net Leasable SqFt  20,602
  • Year Built  2003
  • Source for Year Built  Appr
  • Approx Bldg Dimen  multipl
  • Street Frontage  385
  • Parking Fees/Mo.  $0
  • Onsite Parking  20+
  • # of Stories  1
  • Ceiling Height Min  8
  • Ceiling Height Max  12
  • Number of Loading Docks  0
  • Zoning  Commercial
  • Est. Total Acres  1.2
  • Source Of Est Acres  PubR
  • Lot Dimensions  
  • Owner  
  • Tradename  Penn Storage
    • ASSESSMENT & TAXES  
  • Land Assessment  $143,000
  • Assessment Year  2020
  • Net Taxes  $24,703
  • Tax Year  2020
  • Improvements  $960,000
  • Total Assessment  $1,103,000
    • ANNUAL INCOME/EXPENSES  
  • Income/Expenses Year  $2,020
  • Gross Operating Income  $122,019
  • Annual Operating Exp  $47,759
  • Net Operating Income  $74,259
    • UNIT INFORMATION  
    Unit Lease Type Lease Exp. Date Renewal Option Base Annual Rent Annual Rent/SqFt Other Fees/SqFt Gross SqFt
    1 Mo to Mo n/a 0 $0 $0 $0 0
    2 - 0 0 $0 $0 $0 0
    3 - 0 0 $0 $0 $0 0
    Items Included 
    Items Excluded  Seller's & Tenant's personal property.
    INTERIOR FEATURES  
  • Heating/Cooling  Central air, Forced air, Wall AC, Window AC
  • Water/Waste  Municipal sewer, Municipal water
  • Basement  
  • Fuel  Natural gas
  • Seating Capacity  
    • EXTERIOR FEATURES  
  • Type   Industrial, Office, Self storage, Warehouse
  • Exterior Treatment  Aluminum, Block, Brick, Other, Steel, Wood
  • Building Parking  11-20 spaces, Onsite, Paved, Shared
  • Roofing  Metal, Other, Rubber/membrane
  • Terms/Option  Other
  • Miscellaneous  
    • OTHER FEATURES  
  • Documents on File  Lease(s), P & L statement, Property Condition Report
  • Location  Business district, Industrial park, Near Major Highway
  • Tenant Pays  N/A
  • Present Use  Office, Self storage, Warehouse
  • Licenses  None
  • Lease Type  Mixed lease types, Other
  • Occupied by  Tenant(s)
  • Sale Includes  Business name, Customer list, Lease(s), Other, Signs
  • Features  Inside storage, Outside storage, Overhead doors, Private Restrooms, Private office(s), Reception area, Security fence, Security lighting, Signage available



    • Above Information Deemed Reliable, But Not Guaranteed

    Listing Courtesy of First Weber Inc