3555 Washington Ave Madison, WI 53704
- Retail properties
- 87,556 SF
- 2.01 lot acres
Current Use by Public Records
- ATM / Atm
Property Details for 3555 Washington Ave
- Lot size
- 2.01 lot acres
- Property size
- 87,556 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Madison
- County
- Dane
- State
- Wisconsin
- Longitude
- -89.3256
- Latitude
- 43.1146
