369 Newcomb StWhitewater, WI 53190

Property Details for 369 Newcomb St

Lot size

2.22 AC

Property type

Industrial properties

APN

/A 45700001

APU

A45700001

Description

This exceptional 30,500-square-foot industrial property, located at 369 N Newcomb St in Whitewater, Wisconsin, presents a unique opportunity for a single tenant. The building, constructed in 1975, offers a versatile space suitable for executive office, manufacturing, or warehouse operations. The property boasts a substantial 2.2-acre lot, providing ample room for expansion or outdoor storage. High ceilings, ranging from 16 to 19 feet, accommodate various equipment and storage needs. Access is facilitated by three dock-high doors and two drive-in doors, ensuring efficient loading and unloading. The property features a recently repaved parking area with ample parking spaces. The building is equipped with robust three-phase power (1,600 amps/480 volts), ideal for industrial applications. The M-1 zoning allows for a variety of industrial uses. The property's APN is /A 45700001, and it's situated in Walworth County, Wisconsin, with a zip code of 53190. The entire 30,500 square feet is currently vacant, making it an ideal space for a business seeking immediate occupancy. This property offers a rare combination of size, functionality, and location, making it an attractive investment opportunity. The entire space is available for lease to a single tenant.

• CAP approach

  CAP return

  Valuation

  6%

  $40,204,400

  6.5%

  $37,111,800

  7%

  $34,460,900

• Comparable approach

  Method

  Valuation

  Relative Method

  $15,708,200

  Geo Method

  $20,152,900

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $18,805,900

  Mixed-Use / Specialty

  $18,561,600

  Hospitality / Lodging

  $13,387,300

  Office

  $18,266,800

  Institutional / Educational

  $19,233,300

  Residential Income

  $22,502,900

  Multifamily

  $27,971,200

  Automotive / Energy

  $16,485,600

  Parking / Income-Based Land

  $5,864,070

  Restaurant / Food Service

  $9,275,840

  Healthcare / Senior Housing

  $19,216,300

Location Insight

City

Whitewater

County

Walworth

State

Wisconsin

Latitude

42.8386

Longitude

-88.717

CBSA code

48580

CBSA name

WHITEWATER, WI MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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