6801 Odana RdMadison, WI 53719

Property Details for 6801 Odana Rd

Year built

1983

Lot size

0.95 AC

Property size (Sq ft)

10,000 SF

Zone code

CC

Property type

Retail properties

Property subtype

Strip malls

APN

0708-252-0420-2

APU

70825204202

Description

Westland Plaza, a 9,539 square foot, single-story shopping center in Madison, Wisconsin, presents a compelling investment opportunity. This Class B, multi-tenant property boasts 100% occupancy and a strong 7.50% capitalization rate, generating a projected Net Operating Income (NOI) of $144,755 in 2025. Located at 6801 Odana Rd, 53719, on a 0.95-acre lot, the center benefits from excellent street visibility and two convenient access points from Odana Road. Built in 1983, the property comprises four units, each currently leased. The center is strategically positioned as an outparcel to a major retail center anchored by well-known national brands. Below-market rents offer significant upside potential. One tenant operates under a month-to-month lease, providing flexibility for future growth. The property's zoning is commercial, and its location within Madison's West Towne trade area ensures high traffic and visibility. The asking price is $1,930,000, translating to $202.33 per square foot. This stabilized investment offers a rare combination of strong cash flow, excellent location, and potential for future appreciation. The property's long-standing tenancies and prime location make it an attractive addition to any portfolio.

Location Insight

City

Madison

County

Dane

State

Wisconsin

Latitude

43.0563

Longitude

-89.4991

CBSA code

31540

CBSA name

MADISON, WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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