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4704 East Washington Ave Madison, WI 53704

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For Sale
$2,447,000

Fully leased retail property with long-term tenants and high visibility.

Property size:
5,455 SF

Property Features for 4704 East Washington Ave

General Information

Size
5,455 SF

Building Details

Year built
2020

Source: Chris Etmanczyk Agent Chris Etmanczyk

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Fully Leased Retail Investment Property

This fully leased retail property features a 5,455-square-foot building situated on a 0.596-acre lot. The property is currently occupied by Basecamp Fitness and Batteries Plus, both operating under NNN leases. The location benefits from high traffic counts, excellent visibility, and frontage along East Washington Avenue. It is positioned directly across from the main entrance of East Towne Mall and includes 15 surface parking spaces. The property generates a net operating income (NOI) of $159,093 and is offered at a 6.5% capitalization rate. The property is intended for retail use.
Location Intelligence

Current Use by Public Records

Basecamp Fitness Madison ... Gym

Suggested Use

Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Pharmacy

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Madison
County
Dane
State
Wisconsin
Longitude
-89.3045841
Latitude
43.1316601

FAQs

What type of property is this?
Strip mall - Fully leased retail property with long-term tenants and high visibility.
Where is this strip mall located?
The property is located at 4704 East Washington Ave Madison, WI.
What is the asking price?
The asking price for this property is $2,447,000.
What are key features of this property?
This property features: - Fully leased with NNN leases providing stable, passive income.; - High traffic location directly across from East Towne Mall entrance.; - Strong tenants: Basecamp Fitness and Batteries Plus.
More about this property
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