999 Park StMadison, WI 53715

Property Details for 999 Park St

Year built

1970

Lot size

0.53 AC

Property size (Sq ft)

2,162 SF

Zone code

TSS

Property type

Retail properties

Property subtype

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.

• CAP approach

  CAP return

  Valuation

  6%

  $573,851

  6.5%

  $529,708

  7%

  $491,872

• Comparable approach

  Method

  Valuation

  Relative Method

  $553,123

  Geo Method

  $709,633

• Alternative Use

  Use

  Valuation

  Residential

  $446,829

  Hospitality

  $409,293

  Educational

  $340,527

  Medical

  $352,238

  Retail

  $529,708

Location Insight

City

Madison

County

Dane

State

Wisconsin

Latitude

43.0565

Longitude

-89.398

CBSA code

31540

CBSA name

MADISON, WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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