3030 Gateway PlMadison, WI 53704

Property Details for 3030 Gateway Pl

Year built

1948

Lot size

1.63 AC

Property size (Sq ft)

2,160 SF

Zone code

TE

Property type

Truck terminals

APN

0710-053-4403-2

APU

71005344032

Description

This Madison industrial property offers a 6,960-square-foot building ideally suited for warehouse and manufacturing uses. The space includes approximately 5,960 square feet of warehouse area, equipped with two loading docks and six or more overhead doors, ensuring efficient loading and unloading. A 1,000-square-foot office space with a restroom provides comfortable administrative areas. The property sits on a 1.5-acre fenced lot, providing ample outdoor storage and parking—approximately 1.2 acres are available for tenant use. The zoning designation is TE. The property is currently vacant and available for immediate occupancy. Utilities, stormwater fees, and property taxes are pro-rated and paid by the tenant. Please note that the owner currently utilizes a small building on-site and a portion of the outdoor storage area. This presents a unique opportunity for a business seeking a versatile industrial space with significant outdoor area in the desirable Madison submarket. The property's size and features make it suitable for a variety of industrial operations. This is a single-tenant property, offering exclusive use of the building and grounds.

• CAP approach

  CAP return

  Valuation

  6%

  $898,023

  6.5%

  $828,945

  7%

  $769,734

• Comparable approach

  Method

  Valuation

  Relative Method

  $350,864

  Geo Method

  $450,144

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $420,056

  Mixed-Use / Specialty

  $414,600

  Hospitality / Lodging

  $299,025

  Office

  $408,014

  Institutional / Educational

  $429,602

  Residential Income

  $502,635

  Multifamily

  $624,776

  Automotive / Energy

  $368,231

  Parking / Income-Based Land

  $130,982

  Restaurant / Food Service

  $207,189

  Healthcare / Senior Housing

  $429,224

Location Insight

City

Madison

County

Dane

State

Wisconsin

Latitude

43.0973

Longitude

-89.3386

CBSA code

31540

CBSA name

MADISON, WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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