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3510 E Washington Avenue,  Madison,  WI  53704 $385,000 Sold
3510 E Washington Avenue,  Madison,  WI  53704
$385,000
Sold
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 Property Type Business/Commercial
 Parcel # 0810-321-0103-2
 County Dane
 Sub Area E08
 Municipality Madison
 MLS# 1963710
 Listing Date 09/11/2023
 Sold Price $385,000
 Close Date 12/12/2023 12:00 AM

MLS Public Remarks  Discover this 2250 SF office or retail building with an unfinished basement prepped for future expansion. Located on the bustling E. Washington Ave corridor, this property offers prime visibility and easy access to public transportation. Ideal for an owner occupant or business seeking to establish themselves in this dynamic area.
Documents and Related Links  
1) Brochure
2) Seller Disclosure Report
LOCATION  
  • Location  City
  • Other Marketing Area  
  • Mailing City  Madison
  • C/T/V  City
  • Unit #  
  • Directions  Located On N. Side Of E. Washington Ave, E. Of Reindahl Ave, W. Of N. Stoughton Rd.
    • BUILDING DESCRIPTION  
  • Real estate for sale  Yes
  • Business for sale  No
  • For lease only  No
  • Ann. Rent/SqFt  $36,000
  • Total Units/Bldg  2
  • Building Gross SqFt  4,500
  • Net Leasable SqFt  2,250
  • Year Built  1979
  • Source for Year Built  PubR
  • Approx Bldg Dimen  50 X 45
  • Street Frontage  50
  • Parking Fees/Mo.  $0
  • Onsite Parking  10
  • # of Stories  1
  • Ceiling Height Min  7
  • Ceiling Height Max  7
  • Number of Loading Docks  0
  • Zoning  CC-T
  • Est. Total Acres  0.19
  • Source Of Est Acres  PubR
  • Lot Dimensions  
  • Owner  
  • Tradename  
    • ASSESSMENT & TAXES  
  • Land Assessment  $68,000
  • Assessment Year  2022
  • Net Taxes  $6,732
  • Tax Year  2022
  • Improvements  $276,000
  • Total Assessment  $344,000
    • ANNUAL INCOME/EXPENSES  
  • Income/Expenses Year  $2,022
  • Gross Operating Income  $51,750
  • Annual Operating Exp  $18,551
  • Net Operating Income  $30,612
    • UNIT INFORMATION  
    Unit Lease Type Lease Exp. Date Renewal Option Base Annual Rent Annual Rent/SqFt Other Fees/SqFt Gross SqFt
    1 Gross 6/30/2024 No $16 $36,000 $0 2,250
    2 - 0 0 $0 $0 $0 0
    3 - 0 0 $0 $0 $0 0
    Items Included 
    Items Excluded 
    INTERIOR FEATURES  
  • Heating/Cooling  Central air, Forced air
  • Water/Waste  Municipal sewer, Municipal water
  • Basement  Full
  • Fuel  Natural gas
  • Seating Capacity  
    • EXTERIOR FEATURES  
  • Type   Office, Retail
  • Exterior Treatment  Brick
  • Building Parking  6-10 spaces
  • Roofing  Metal
  • Terms/Option  
  • Miscellaneous  
    • OTHER FEATURES  
  • Documents on File  
  • Location  Free standing, Near public transportatn
  • Tenant Pays  Janitorial
  • Present Use  Office
  • Licenses  
  • Lease Type  Gross
  • Occupied by  Owner, Tenant(s)
  • Sale Includes  N/A
  • Features  



    • Above Information Deemed Reliable, But Not Guaranteed

    Listing Courtesy of Key Commercial Real Estate, Llc