121 Water St - Retail FOR SALE


Albany, WI 53502
$399,000 USD
608-214-6742
121 Water St, Albany, WI for Sale
$399,000 USD
Retail - FOR SALE
1/22
null | Request Cap Rate

121 Water St
Albany, WI 53502


OVERVIEW

Mixed use investment opportunity in the heart of downtown Albany, Wisconsin. This well maintained and extensively updated building features two income producing units in a highly desirable location along the Sugar River. The commercial space is occupied by an established hemp shop under a long-term 5 year lease, providing stable rental income. The second unit is a fully furnished 2 bedroom, 2 bath Airbnb overlooking the Sugar River and Albany Dam, offering guests stunning water views and a unique destination experience. The residential unit includes in unit laundry and is being offered fully furnished for a seamless transition to new ownership. The property has benefited from numerous capital improvements, including new floor joists and support beams throughout the building, extensive exterior tuckpointing, and separate central forced air HVAC systems for each unit. Additional features include a full basement with approximately 10.5' ceilings and walkout access to the river.

FOR SALE DETAILS

PRICE

$399,000 USD

PRICE/SF

$97 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,678 SF

ZONING

-

APN/PARCEL ID

23-101-427.0000

ASK ABOUT THIS PROPERTY

Mitch MartyAltus Commercial Real EstateMore Info
608-214-6742

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Mitch MartyAltus Commercial Real EstateMore Info
608-214-6742

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.