Freestanding Restaurant Near East
4614 East Washington Avenue Madison, WI 53704
For Sale
$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
Days on Market125
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 Agency:
CBRE, Inc.
(414) 274-1690
Listed By:
Nathan Powers
(414) 274-1690
Source:
Cbre
Added: Mar 25
Changed: Jul 6
Last Checked: Jul 27 at 4:19AM
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
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
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
NOI $79,175 @ 7.0% cap · market cap 5.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
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
