Listed by Braden, Braden & Braden CRE
$400,000
Phillip Ashley Chocolates
Details
APN 017003 00014
Property Type Retail
Sub Type Commercial
Square Footage 1,890
Cap Rate 8.78%
NOI $35,139
Occupancy 100%
Price per SqFt $212
Year Built 1929
Year Renovated 2018
Buildings 1
Stories 1
Acreage 0.060
Zoning CMU-3 Commerical Mixed Use-3
Parking Spaces 3 spaces
Parking Per SqFt 1.59
Ownership Fee Simple
Retail | 8.78% CAP | 1,890 SqFt
Marketing description
1200 madison is a well-located retail property totaling 1,890 square feet, occupied by a renowned chocolatier. Situated on high-traffic madison avenue, the property benefits from its proximity to mississippi blvd church and surrounding commercial activity. Built in 1929 and extensively remodeled in 2018, the space features modern design and structural integrity. The parcel sits on a 2,676-square-foot lot, offering potential for future development or customization. Currently leased to a longterm tenant with flexible one-year lease terms, this asset presents an attractive opportunity for investors seeking stable income with optionality for future use or repositioning.
Listing Contacts
Listed by Braden, Braden & Braden CRE
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$35,139.00
$2,928.25/mo
Valuation Metrics
0
DSCR
8.78%
Cap Rate
8.78%
ROI
Map
Zoning
CMU-1 CommercialNeighborhood CommercialCommercial Mixed Use 1
View municipality zoning documents Upgrade to see the zone description and what's allowed on this property
Upgrade to search and view land use codes
View all 168 uses
View all 168 uses Last updated Apr 15, 2026 For deeper zoning details, reports are available at Zoneomics
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
