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2304 S Park St

Madison, WI 53703
  • $490,000
  • STATUS: Active
  • ON SITE: 104 Days
  • ID#: 1947058
$490,000
  • 0
    BEDS
  • 7.06
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,875
    SQFT
  • $101
    $/SQFT
Neighborhood:
Type:
Commercial-Lease
Built:
1966
County:

School Ratings & Info

Listing provided by First Weber Inc: 608-833-3711

Description

Rare opportunity to own LANES BAKERY & COFFEE, a profitable family business & Madisons ICON for 3 generations! Business sale includes intellectual property, recipes, trade name, assets & equipment, custom graphics delivery van, UW Bucky exclusive marketing agreement, customer lists, restaurant furniture, edible images printer, display cases, signs & much more. Opportunity to continue leasing in the Village on Park new shopping center (lease renewal by 6/30/23; current lease end 12/31/23) or choose your location. Village on Park is currently undergoing a $16.2M development & there is great demand for a restaurant. Current owners are retiring & willing to assist new owner for a smooth, successful & profitable transition to expand Lanes legacy products, services & long-term loyal customers



© 2023 South Central Wisconsin MLS Corporation. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or HomeTeam4u | Stark Company Realtors. Data last updated: 2023-06-01T23:41:36.33.
www.hometeam4u.com/homes/137082044
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2304 S Park St Madison, WI 53703

  • Price: $490,000
  • Status: Active
  • On Site: 104 Days
  • ID#: 1947058
0
Beds
0
Baths
0
½ Baths
7.06
Acres
4,875
SQFT
$101
$/SQFT
1966
Built
Neighborhood:
Madison - C W17
County:
Dane
Area:
Madison - C W17
Property Description
Rare opportunity to own LANES BAKERY & COFFEE, a profitable family business & Madisons ICON for 3 generations! Business sale includes intellectual property, recipes, trade name, assets & equipment, custom graphics delivery van, UW Bucky exclusive marketing agreement, customer lists, restaurant furniture, edible images printer, display cases, signs & much more. Opportunity to continue leasing in the Village on Park new shopping center (lease renewal by 6/30/23; current lease end 12/31/23) or choose your location. Village on Park is currently undergoing a $16.2M development & there is great demand for a restaurant. Current owners are retiring & willing to assist new owner for a smooth, successful & profitable transition to expand Lanes legacy products, services & long-term loyal customers
Exterior Features

Building Parking 56 Or More SpacesOnsitePaved Exterior WoodBrickAluminumSteelConcreteGlassSteel Frame Loading Docks 1 Location Business DistrictCornerNear Major HighwayNear Public TransportatnShopping Center Roof N/A Type RetailServiceRestaurant/Supper ClubShopping Center/Stripmall

Interior Features

Basement Poured Concrete Foundatn Ceiling Height Max 8 Ceiling Height Min 8 Commercial Features Public Rest RoomsReception AreaSignage AvailableDisplay WindowSecurity SystemInside StorageSecurity LightingPrivate Office(S) Heating Cooling Central AirForced Air Seating Capacity 21-30 Persons Unit1 Gross Sq Ft 4875

Property Features

Annual Operating Expenses 842099 Business Sale Yes City Town Or Village City County Quarter West Metro Madison Documents On File Lease(S)Fixtures &Amp; EquipmentP &Amp; L Statement Fuel Natural Gas Gross Operating Income 920622 Lease Only Yes Lease Type Multiple YearsRenewal Options Licenses Food Mailing City Madison Miscellaneous Internet - Fiber Avail Net Operating Income 78523 Net Taxes 475 Occupancy Tenant(S) Present Use RetailServiceRestaurant/Supper ClubWholesaleManufacturing Real Estate Sale No Sale Includes Business NameLease(S)Assets OnlyEquipmentInventoryCustomer ListSignsFurniture Source Sq Ft Seller Tax Year 2022 Tenant Pays TaxesHeatAir ConditioningElectricWaterSewerInsurance Terms Misc Seller May Assist Unit1 Annual Rent Per Sq Ft 18.88 Water Waste Municipal WaterMunicipal Sewer Year Built Source Other Zoning Cc-T

Listing information © 2023 South Central Wisconsin MLS.
Listing provided courtesy of First Weber Inc: HomeInfo@firstweber.com.



© 2023 South Central Wisconsin MLS Corporation. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or HomeTeam4u | Stark Company Realtors. Data last updated: 2023-06-01T23:41:36.33.
 
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HomeTeam4u | Stark Company Realtors
1625 W Main Street
Sun Prairie WI, 53590
Listing provided by First Weber Inc: 608-833-3711