Madison Office

Office for Sale
Sale Pending
Catylist Listing ID: 30204598
Property Subtypes: Office Building
Status: Pending
Building Size (RSF): 8,536 SF
Gross Building Area: See Agent
Sale Price: $450,000
Unit Price: $52.72 PSF
Property Use Type: Investment
Class of Space: Class C
Sale Terms: Cash to Seller
Cap Rate: 6.5%
Average Occupancy Rate: 95
Last Updated: 9/13/2019

Overview / Comments

@ story Brick and block in Downtown Madison. first floor VACANT with medical office of 3500 sf.. Second Floor small Suite Tenants. Great Opportunity for an Owner/ User.

First floor Price is $10.00 per sf. when leased Building Would carry an 8% cap Rate

Additional Details

Nearest MSA: Charlottesville
County: Madison
Taxing Authority: Madison
Tax ID/APN: 39A-79
Property Visibility: Good
Highway Access: Just off Route 29 in the heart of Historic Downton Madison.
Site Description: .389 acres
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1940
Roof Type: Flat
Construction/Siding: Block
Exterior Description: Painted Block and Brick
Sprinklers: None
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Cable
Interior Description: Class B office space
Zoning Description: B-1.
Lot Frontage: 125 feet
Water Service: Municipal
Land Ownership: Madison Office Building ,LLC
Legal Description: Tax Map39A parcel 79

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,292 2,292 6,450
Median Age: 43.22 43.22 44.95
Households: 874 874 2,491

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