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433 Grand Canyon Dr 5,900 SF 100% Leased Office Building Madison, WI 53719 $1,173,315 CAD ($198.87 CAD/SF)
Investment Highlights
- 80' Street frontage; offstreet parking;easy access to main arteries and major highway
- Building has been utilitized as salon and other personal services businesses; easy access to mah
- Redevelopment area; highest and best use multifamily near new transit hub
Executive Summary
CURRENTLY OPERATING AS SALON BUSINESS THIS PROPERTY OFFERS PRIME WESTSIDE BUSINESS OR DEVELOPMENT OPPORTUNITY! Business ready for near immediate occupancy. Developers, two adjacent parcels combine for approximately 1.323 acres (57,650 SF) of level, buildable land with an impressive 254 feet of street frontage in a TOD/SE zoned district potential for multifamily or commercial development. Excellent Madison westside location near major traffic corridors, shopping, restaurants and employment centers, with easy Beltline access and a major bus transit station just one block away. Parcel offers approximately 16,000 SF (.367 acre) and adjacent parcel offers approximately 41,650 SF (.956 acre) with 174 feet of frontage. See also MLS 3021071; Check this opportunity out today!Prime redevelopment area in west Madison. Building has been owner/occupied salon business with other personal service related tenants. Building and lot available; highest and best use is redevelopment for multifamily with some commercial suites.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Building Size
5,900 SF
Building Class
C
Year Built
1964
Price
$1,173,315 CAD
Price Per SF
$198.87 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,950 SF
Building FAR
0.37
Lot Size
0.37 AC
Opportunity Zone
Yes
Zoning
C3L - Within Transit Oriented Development District on Madison Westside includes Suburban Employment.
Parking
16 Spaces (4.57 Spaces per 1,000 SF Leased)
1 1
Moderately walkable
70/100
Moderately drivable
70/100
Limited public transit
30/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 0708-252-0203-2 | Improvements Assessment | $423,341 CAD |
| Land Assessment | $245,092 CAD | Total Assessment | $668,434 CAD |
Property Taxes
Parcel Number
0708-252-0203-2
Land Assessment
$245,092 CAD
Improvements Assessment
$423,341 CAD
Total Assessment
$668,434 CAD
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Presented by
Mardi O'Brien Real Estate Inc.
433 Grand Canyon Dr
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