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OFF-MARKET
Specialty properties

2501 Springs Dr Madison, WI 53704

5,221 SF 3.26 ac lot Built 2014
Property ID
Property summary
AI-generated overview

This exceptional 5,221 square foot car dealership, situated on a 3.26-acre lot in Madison, Wisconsin, presents a unique owner-user investment opportunity. Built in 2014, the property boasts a 2,298 square foot sales office featuring two private offices, a spacious reception area, and three bathrooms. The adjacent 2,923 square foot automotive shop includes five 10' x 10' overhead doors, three hydraulic hoists (10,000-15,000 lbs capacity), radiant heat, floor drains in all bays, and a mezzanine for storage. The shop is equipped with 200 Amp, three-phase, 120/280V power, washer/dryer hookups, and an electric car charging station. Exterior amenities include outdoor electricity on light poles, bollards, security gates, and ample paved parking for over 250 vehicles. The property is conveniently located just half a mile from I-90 and Highway 151, ensuring high visibility and accessibility. The permitted zoning is CC-T. The asking price is $3,500,000, with an occupancy date of August 19, 2024. This turnkey facility offers everything needed for immediate operation and significant growth potential within the automotive industry. The 16-foot ceiling height in the shop provides ample workspace.

Property profile
Verified
Property type Specialty properties
Year built 2014
Total area 5,221 SF
Lot 3.26 ac (142,006 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Goben Cars Car Dealership
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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