Property summary
This exceptional downtown Madison investment opportunity, located at 108 King Street, presents a fully furnished restaurant with significant seating capacity. The main level boasts indoor seating for approximately 80 patrons and expansive outdoor seating for roughly 150, providing ample space for a thriving business. The property's prime location just off Capital Square ensures high visibility and foot traffic. Adding to its appeal is a brand new, 1,470 square foot luxury apartment on the upper level, offering versatile potential for office space, additional residential units, or retail use. This upper unit presents a significant additional revenue stream or expansion opportunity. The restaurant enjoys convenient access to both King Street and Main Street, enhancing its accessibility and appeal. Parking is readily available with a parking ramp directly across the street, metered parking on both the front and back of the building, and a public lot just one block away. This unique property offers a blend of established commercial income and significant upside potential, making it an attractive investment in a vibrant and desirable location. The asking price is $1,850,000.
Property profile
VerifiedCap rate & NOI
Current use
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Restaurant
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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