516 S Park St - Multi-Family FOR SALE


Madison, WI 53715- Greenbush
$1,199,000 USD
608-345-0150
516 S Park St, Madison, WI for Sale
$1,199,000 USD
Multi-Family - FOR SALE
1/59
null | 6.8% Cap Rate

516 S Park St
Madison, WI 53715
Greenbush


HIGHLIGHTS

  • Walkable to Downtown & UW Campus
  • Easy Access to Beltline
  • Near Bike Paths, Coffee Shops, Restaurants, Bars

OVERVIEW

Rare opportunity to own 2 buildings, 2 commercial spaces, 4 apartments, oversized two car garage with ample parking on the booming S Park St corridor! This property is adjacent to Vilas/Greenbush neighborhood and walkable to everything downtown! The commercial tenants include Cordial Bar, where the motto is, "Outside's a Dive, Inside's a Vibe". They have been in business for 4 years and have an initial 10 year lease term. The adjacent commercial tenant has been there for years, as a well established business, Spike-O-Matic Tattoo. There are 2 large apartments above the commercial spaces. There is an additional 2 flat included, just North of the primary building. With well established commercial tenants, renovated apartments and an outstanding location, the options are endless!

FOR SALE DETAILS

PRICE

$1,199,000 USD

PRICE/SF

$316 USD /SF

# OF UNITS

6

PRICE/UNIT

$199,833

CAP RATE

6.8%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

ADD'L SUBTYPES

Storefront Retail/Residential, Apartments, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1922

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

TSS

APN/PARCEL ID

0709-233-1521-6

ASK ABOUT THIS PROPERTY

Ryan SchmitzThe Hub RealtyMore Info
608-345-0150

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Ryan SchmitzThe Hub RealtyMore Info
608-345-0150

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