999 Park St Madison, WI 53715-1860
- Auto shops
- 2,162 SF
- 0.53 lot acres
Current Use by Public Records
- Auto shops
Property Details for 999 Park St
- Year built
- 1970
- Lot size
- 0.53 lot acres
- Property size
- 2,162 SF
- Zone code
- TSS
- Property type
- Auto shops
- APN
- 0709-262-0221-2
- APU
- 70926202212
Description
This exceptional 3,300 square foot standalone building offers a unique blend of retail and office space, ideally situated in Madison's vibrant Bay Creek submarket. Located at 999 S Park St, this single-tenant property boasts 150 feet of frontage on Park Street and 86 feet on Lakeside Street, providing excellent visibility and accessibility. Built in 1970, the one-story building sits on a 0.53-acre lot and includes 24 parking spaces, addressing ample parking needs. The property features three 10-foot-high dock doors, offering versatile usage potential for various businesses, including the possibility of a drive-thru. These doors could also serve as additional office space, artist studios, or contract work areas. The zoning is TSS. The property's proximity to the University of Wisconsin campus and major hospitals like Meriter and St. Mary's Hospitals makes it an attractive location for a wide range of businesses. The building's location within a growing and dynamic corridor ensures high visibility and potential for strong tenant occupancy. The property's APN is 0709-262-0221-2. Currently under contract, pre-leasing inquiries are welcome.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,100,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,070,000
- 6.5%
- $1,240,000
- 7%
- $1,245,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,160,000
- Geo Method
- $1,220,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,285,000
- Retail
- $1,145,000
- Mixed-Use
- $1,130,000
- Hospitality
- $1,170,000
- Educational
- $1,370,000
- Residential Income
- $1,280,000
- Energy
- $1,295,000
- Income-Based Land
- $1,010,000
- Food Service
- $1,350,000
Location Insight
- Map
- Local Demand
- City
- Madison
- County
- Dane
- State
- Wisconsin
- Longitude
- -89.398
- Latitude
- 43.0565
- CBSA code
- 31540
- CBSA name
- MADISON, WI METROPOLITAN STATISTICAL AREA
