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510 Grand Canyon Drive,  Madison,  WI  53719 $189,900 Sold
510 Grand Canyon Drive,  Madison,  WI  53719
$189,900
Sold
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 Property Type Business/Commercial
 Parcel # 0708-252-0408-8
 County Dane
 Sub Area W07
 Municipality Madison
 MLS# 1967408
 Listing Date 11/14/2023
 Sold Price $160,000
 Close Date 03/12/2024 12:00 AM

MLS Public Remarks  Turnkey profitable business looking for it's new owner! This laundromat has been part of the community for over 40 years with an established customer base. Located near West Towne Mall, this laundromat has everything you need to hit the ground running! Private office on-site as well as 24 surface parking spots for your customers. Great as an investment or a new career!
Documents and Related Links  
1) Inventory
LOCATION  
  • Location  City
  • Other Marketing Area  
  • Mailing City  Madison
  • C/T/V  City
  • Unit #  
  • Directions  S Gammon To Odana, South On Grand Canyon Dr.
    • BUILDING DESCRIPTION  
  • Real estate for sale  No
  • Business for sale  Yes
  • For lease only  Yes
  • Ann. Rent/SqFt  $0
  • Total Units/Bldg  3
  • Building Gross SqFt  0
  • Net Leasable SqFt  2,000
  • Year Built  1981
  • Source for Year Built  PubR
  • Approx Bldg Dimen  0
  • Street Frontage  0
  • Parking Fees/Mo.  $0
  • Onsite Parking  24
  • # of Stories  1
  • Ceiling Height Min  0
  • Ceiling Height Max  0
  • Number of Loading Docks  0
  • Zoning  Comm
  • Est. Total Acres  0.0
  • Source Of Est Acres  PubR
  • Lot Dimensions  
  • Owner  
  • Tradename  Park Towne Laundry
    • ASSESSMENT & TAXES  
  • Land Assessment  $330,000
  • Assessment Year  2022
  • Net Taxes  $8,320
  • Tax Year  2021
  • Improvements  $100,000
  • Total Assessment  $430,000
    • ANNUAL INCOME/EXPENSES  
  • Income/Expenses Year  $2,021
  • Gross Operating Income  $129,535
  • Annual Operating Exp  $91,166
  • Net Operating Income  $36,926
    • UNIT INFORMATION  
    Unit Lease Type Lease Exp. Date Renewal Option Base Annual Rent Annual Rent/SqFt Other Fees/SqFt Gross SqFt
    1 NNN 11/28/2027 Yes $22,000 $0 $0 0
    2 - 0 0 $0 $0 $0 0
    3 - 0 0 $0 $0 $0 0
    Items Included All equipoment on premises(see inventory list) including gas lines, plumbing from service to machines, hot water system
    Items Excluded 
    INTERIOR FEATURES  
  • Heating/Cooling  Central air, Forced air
  • Water/Waste  Municipal sewer, Municipal water
  • Basement  
  • Fuel  Natural gas
  • Seating Capacity  
    • EXTERIOR FEATURES  
  • Type   Office, Retail
  • Exterior Treatment  N/A
  • Building Parking  21-35 spaces, Onsite, Paved
  • Roofing  N/A
  • Terms/Option  
  • Miscellaneous  
    • OTHER FEATURES  
  • Documents on File  P & L statement
  • Location  Near public transportatn, Shopping center
  • Tenant Pays  Electric, Heat, Taxes, Water
  • Present Use  Retail, Service
  • Licenses  
  • Lease Type  Triple net
  • Occupied by  
  • Sale Includes  Business name, Equipment, Furniture, Inventory, Signs
  • Features  



    • Above Information Deemed Reliable, But Not Guaranteed

    Listing Courtesy of Stark Company, Realtors