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    3555 Washington Ave Madison, WI 53704

    Sponsored
    For Sale
    $2,199,000

    Prime E. Washington Ave. location, 24,700 SF

    Property size:
    87,556 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This vacant, 24,700 square foot restaurant building presents a unique redevelopment opportunity. Situated on a 2.01-acre lot (87,556 square feet) with high visibility on East Washington Avenue in Madison, Wisconsin, this property boasts 19,700 square feet on the ground floor and a 5,000 square foot mezzanine. The property is zoned CC-T and benefits from high traffic counts (36,100 AADT). The Hawthorne-Truax Neighborhood Plan, approved in March 2023, suggests future land use as low-medium density residential, making this an ideal site for adaptive reuse or new construction. The asking price is $2,199,000, translating to $25.12 per square foot. This prime location offers significant potential for investors seeking a high-impact project in a rapidly evolving neighborhood. The property's size and zoning provide flexibility for a variety of development scenarios. The high traffic volume on East Washington Avenue ensures excellent visibility and accessibility. This is a rare chance to acquire a substantial property in a desirable Madison location with significant upside potential.

    Property Features for 3555 Washington Ave

    General Information

    Property type
    Restaurants
    Square Feet
    87,556 SF
    Lot Size
    87,556 SF

    HighLights

    • 24,700 SF building (19,700 SF ground floor, 5,000 SF mezzanine).
    • CC‑T zoned property in Madison, WI's Hawthorne‑Truax neighborhood; March 2023 neighborhood plan suggests low‑medium density residential future use.
    • 2.01‑acre lot (87,556 SF) with high visibility on E. Washington Ave (36,100 AADT).
    • Redevelopment opportunity.
    • $2,199,000 sale price.
    Property Profile Location Intelligence

    Current Use by Public Records

    ATM Atm

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Madison
    County
    Dane
    State
    Wisconsin
    Longitude
    -89.3256036
    Latitude
    43.1146362

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    FAQs

    What type of property is this?
    Restaurant - Prime E. Washington Ave. location, 24,700 SF
    Where is this restaurant located?
    The property is located at 3555 Washington Ave Madison, WI.
    What is the asking price?
    The asking price for this property is $2,199,000.
    What are key features of this property?
    This property features: 24,700 SF building (19,700 SF ground floor, 5,000 SF mezzanine).; CC-T zoned property in Madison, WI's Hawthorne-Truax neighborhood; March 2023 neighborhood plan suggests low-medium density residential future use.; 2.01-acre lot (87,556 SF) with high visibility on E. Washington Ave (36,100 AADT).
    Request Owner's contact information
    3555 Washington Ave Madison, WI 53704
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    Madison, WI 53704
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3555 Washington Ave Madison, WI 53704
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