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Freestanding Restaurant Near East Towne

4614 East Washington Avenue Madison, WI 53704

4614 East Washington Avenue, Madison, WI, 53704
$1,500,000
For Sale
Claim this Listing
$1,500,000

Freestanding restaurant on 0.60 acre lot with high visibility.

Property Size3,872 SF
Lot Size0.60 Acres
Price / SF$387.40
AddedMar 25
Days on Market113
Last RefreshJun 29 at 4:32 am

Property Features for 4614 East Washington Avenue

General Information

Standard status
Active
Size
3,872 SF
Lot size
0.60 Acres
Property subtype
Retail

Listing office CBRE, Inc.

Listing date Mar 25, 2026

Source Cbre

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

All listing content including descriptions, pricing, images are the copyrighted material of CBRE, Inc.


Investment Insights

Based on property information with market context.

This is a unique opportunity to own a freestanding restaurant situated on a 0.60 acre lot with high visibility. The property is located across from East Towne Mall on the east side of Madison. The surrounding area includes national tenants such as Chipotle, Chick-fil-A, Portillo’s, Starbucks, McDonald’s, and Texas Roadhouse. The property benefits from its location at a fully lighted intersection, providing full access onto both E Washington Avenue and Zeier Road. East Washington Avenue sees a traffic volume of 38,700 vehicles per day. The property includes pylon signage and 38 parking stalls. The building size is 3,872 square feet. The property is suitable for conventional restaurant use.

Key Highlights

  • Highly visible 0.60 acre lot across from East Towne Mall
  • Located at a fully lighted intersection with full access onto E Washington Avenue (38,700 VPD) and Zeier Road
  • Freestanding restaurant property

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $88.3k $22.80
− Vacancy −$4.4k −$1.14
EGI $83.9k $21.66
− OpEx −$21.0k −$5.42
NOI $62.9k $16.25
3,872 SF · lease $22.80/SF/yr · vacancy 5.00% · expense 25.00%

Alternative Uses

Best Use
Specialty Retail
$898.6K
$786.3K – $1.05M (±1% cap)
NOI $62,901 @ 7.0% cap · market cap 4.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.13M
$989.7K – $1.32M (±1% cap)
NOI $79,175 @ 7.0% cap · market cap 5.28%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

IHOP Restaurant Pardon My Cheesesteak Restaurant NASCAR Refuel Tenders ... Restaurant Super Mega Dilla Restaurant TenderFix by Noah ... Restaurant

Suggested Use

Real Estate Agency Building Supply Auto Parts Store Storage Facility Auto Repair Shop Kitchen & Bath Showroom HVAC Service Parking Lot & Garage Electrical Service Garden Center

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

FAQs

What type of property is this?
Conventional restaurant - Freestanding restaurant on 0.60 acre lot with high visibility.
Where is this conventional restaurant located?
The property is located at 4614 East Washington Avenue Madison, WI.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Highly visible 0.60 acre lot across from East Towne Mall; Located at a fully lighted intersection with full access onto E Washington Avenue (38,700 VPD) and Zeier Road; Freestanding restaurant property
Contact an agent
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