Property Description for 638 S Gammon Road, Madison, WI 53719
First time on the market since 1992, and family-owned since. Up for sale is a rare opportunity to purchase Gammon Place Shopping Center, a mix of first floor retail, and 2nd floor offices. The property is located in one of the most desirable areas in the Madison, WI market being just due south from West Towne Mall, south of the Beltline Hwy (Hwy 12 & 18) on the Gammon Road exit. If West Towne Mall, Walmart, and Woodman's Market are within minutes of a walk, you know there is something special. To some, there is potential to raise rents and add value to the property; to others, maybe a land bank view where down the road it could be a good redevelopment site; or, maybe an opportunity for someone to owner occupy part of the building for their business. NDA required for more info. ~8% Cap Rate
- Present Use: Beauty/barber shop, Office, Restaurant/Supper Club, Retail, Shopping center/StripMall
- Total Operating Expense: $9,999
- Gross Sales: $0
- Location: Business district, Corner, Shopping center
- Taxes: $42,106
- County: Dane
- Zoning: PD
- Net Leasable SqFt: 22,688
- MLS Number: 1961451
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