3205 Terrace Court, Wausau, WI 54401
sale
$765,000
|
Other
Courtesy Of RE/MAX EXCEL
Location, location, location. Built in 1980, this two-story brick office building is currently configured as multi-tenant and is in a prime commercial area in Wausau. Excellent visibility from and easy access to Stewart Ave and Hwy 29. Over 20,000 cars view this building and the large, newer exterior business sign per day. The newly paved and well-lighted parking lot has ample parking. Long-term tenants have been a staple of the tenancy, with a single tenant typically leasing the entire upper floor; 100% occupancy is the norm. The building space can be used as a single-tenant property or reconfigured to adapt to whatever use is needed and is perfect for an owner-user or hands-on or hands-off investor. This well-built and well-maintained building cashflows well and is easy to lease, though turnover is rare. Sellers are willing to deliver the building at whatever occupancy level desired. The South and East-facing sides of the building are very visible from Stewart Ave and Hwy29 and offer any owner-operator the opportunity for top-notch visibility and signage for their business. The building's south-facing windows offer a great view of Rib Mountain ski area, and typically an executive office takes advantage of this feature. The current second-floor tenant has purchased a larger industrial building and will vacate in early Fall 2026. The sellers can fill the vacancy or deliver the building with the second floor vacant or the entire building vacant if desired. Because of its great location and robustness of construction, the building would be perfect for an owner/operator who wants the building to continue as multi-tenant with the first-floor tenants to help with the financials. As of right now, the sellers pay all utilities - WPSC for gas/elect and Wausau Water Works for sewer/water. The second floor is separately metered for all utilities, so when a new tenant moves in, they could pay the utilities however negotiated. The sellers do not currently pass on any common area maintenance charges to any of the tenants. ***Directions: Stewart Ave West, Right on South 32nd, Left on Terrace Court.
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Property Features
- Age: 41-50 Years Old
- Building Units: 8
- Cooling System: Central Air
- Exterior Type: Wood
- Exterior Type: Brick
- Heating System: Baseboard
- Heating System: Forced Air
- MLSID: 22602426
- Roof Type: Shingle
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