Current Use by Public Records
- appliance repair in Madison / Home Appliance Store
Property Details for 5001 University Ave
- Property type
- Retail properties & Spaces
- Property subtype
- Restaurants
Description
This exceptional 3,750 square foot commercial space is situated at 5001 University Avenue in Madison, Wisconsin, within a larger 65,000 square foot building. Currently vacant, this space presents a unique opportunity for a variety of businesses. Previously configured as a restaurant, it retains valuable features including a hood vent, grease trap, water heater, and restrooms. A large dining area and kitchen are readily available for restaurant use, or the space could easily be adapted for office or salon use. The space boasts abundant natural light and impressive views of University Avenue, thanks to its large windows. The property benefits from high visibility, with an estimated 34,000 cars passing daily, and ample parking is provided. Building and monument signage opportunities are also available. The property is classified as Class B and located in the Greater Madison Area within Dane County, zip code 53711. Taxes are $3.50 per square foot. While the current CAM and tax expense is $3.77 per square foot, tenants are responsible for utilities and janitorial services. Due to planned redevelopment, the initial lease term and options are limited
Value Estimations
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Madison
- County
- Dane
- State
- Wisconsin
- Longitude
- -89.4674
- Latitude
- 43.0757
