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1701 N Water St - Downtown Development Land on Riverfront 2.66 Acres of Residential Land Offered at $7,477,250 CAD in Milwaukee, WI 53202
Investment Highlights
- Situated in a Qualified Opportunity Zone (QOZ), the site is one of the last developable riverfront parcels between downtown Milwaukee and North Avenue
- Originally planned and designed for 253 condominium units, the site may also accommodate higher-density multifamily rental units
- Within walking distance of numerous area retailers, restaurants and amenities
- Easily accessible location at the intersection of two of Milwaukee’s most prominent thoroughfares – Brady Street and Water Street
- Development at the site will tie into the Riverwalk, a 3.7-mile walking path connecting to downtown Milwaukee and the Historic Third Ward
- Metro Milwaukee’s multifamily fundamentals remain strong with annual rent growth, occupancy rates and 12-month absorption all outpacing national avg.
Executive Summary
CBRE, as exclusive advisor to the owner of record, is pleased to present this exceptional ~2.66-acre multifamily development site (the “Property” or Offering”) situated in a Qualified Opportunity Zone (QOZ) along the Milwaukee River at the intersection of two of the city’s most prominent crossroads – Brady Street and Water Street. The Property is one of the last developable riverfront parcels between downtown Milwaukee and North Avenue, offering developers a unique opportunity to make a mark on this popular and highly-sought after location that has matured with a critical mass of new residents and services in the immediate vicinity over the past 10 years.
Property Facts
| Price | $7,477,250 CAD | Property Subtype | Residential |
| Sale Type | Investment or Owner User | Proposed Use | Apartment Units |
| No. Lots | 1 | Total Lot Size | 2.66 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Zoning | C9G | ||
| Price | $7,477,250 CAD |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Apartment Units |
| Total Lot Size | 2.66 AC |
| Opportunity Zone |
Yes |
| Zoning | C9G |
1 Lot Available
Lot
| Price | $7,477,250 CAD | Lot Size | 2.66 AC |
| Price Per AC | $2,810,996.35 CAD |
| Price | $7,477,250 CAD |
| Price Per AC | $2,810,996.35 CAD |
| Lot Size | 2.66 AC |
1 1
Very walkable
80/100
Moderately drivable
70/100
Good public transit
60/100
Moderately bikeable
70/100
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1701 N Water St - Downtown Development Land on Riverfront
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