MLS Public Remarks 8,400 sq.ft. multi-tenant retail shopping center built in 1990 located just off Verona Rd and W. Beltline Hwy on Madison's west side across from Home Depot. Ample parking onsite, parking asphalt was redone this past summer, new roof in 2017, 4 commercial tenants, high traffic, and located near many major retailers including Discount Tire, Auto Zone, Harbor Freight Tools, U-Haul & LL Flooring. Fully leased with an annual gross income of $120,399.
1) RECR |
* 6 Documents Not Available via MLS |
Location City
Other Marketing Area
Mailing City Madison
C/T/V City
Unit #
Directions W. Beltline Hwy To Verona Rd.
Real estate for sale Yes
Business for sale No
For lease only No
Ann. Rent/SqFt $0
Total Units/Bldg 4
Building Gross SqFt 8,400
Net Leasable SqFt 8,400
Year Built 1990
Source for Year Built PubR
Approx Bldg Dimen 0
Street Frontage 0
Parking Fees/Mo. $0
Onsite Parking yes
# of Stories 1
Ceiling Height Min 8
Ceiling Height Max 16
Number of Loading Docks 0
Zoning CC
Est. Total Acres 0.61
Source Of Est Acres PubR
Lot Dimensions
Owner
Tradename
Land Assessment $190,000
Assessment Year 2022
Net Taxes $14,812
Tax Year 2021
Improvements $572,000
Total Assessment $762,000
Income/Expenses Year $2,022
Gross Operating Income $120,399
Annual Operating Exp $0
Net Operating Income $0
Unit |
Lease Type |
Lease Exp. Date |
Renewal Option |
Base Annual Rent |
Annual Rent/SqFt |
Other Fees/SqFt |
Gross SqFt |
1 |
4 Tenants |
See Leases |
0 |
$120,399 |
$0 |
$0 |
8,400 |
2 |
- |
0 |
0 |
$0 |
$0 |
$0 |
0 |
3 |
- |
0 |
0 |
$0 |
$0 |
$0 |
0 |
Items Included
Items Excluded tenants personal property.
Heating/Cooling Forced air
Water/Waste Municipal sewer, Municipal water
Basement Slab/None
Fuel Natural gas
Seating Capacity
Type Retail
Exterior Treatment Brick
Building Parking Onsite, Paved
Roofing All flat
Terms/Option
Miscellaneous
Documents on File Lease(s), P & L statement, Property Condition Report
Location Near Major Highway, Shopping center
Tenant Pays Electric, Heat
Present Use Office, Other, Retail, Shopping center/StripMall
Licenses
Lease Type Annual, Gross, Mixed lease types, Multiple years
Occupied by Tenant(s)
Sale Includes Lease(s)
Features Display window, Private Restrooms
Above Information Deemed Reliable, But Not Guaranteed
Listing Courtesy of Madison Property Management, Inc.