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2603 E Washington Ave
Madison, WI 53704
Land For Sale
·
0.36 AC
Investment Highlights
- Development parcel located at the prominent corner of East Washington Avenue and Milwaukee Street.
- Zoned for urban redevelopment and included in the Transit Oriented Development (TOD) Overlay District.
- High visibility location with East Washington Avenue carrying 44,100 average daily traffic and Milwaukee Street at 10,700 AADT.
- Positioned within a Tax Increment Financing (TIF) district to support potential economic incentives.
- Excellent accessibility to Dane County Regional Airport, Highway 30, and Interstates 39/94.
- Near a new bus stop and close to Nexus at Union Corners, retail, and surrounding residential neighborhoods.
Executive Summary
Property Facts
| Sale Type | Investment | Property Type | Land |
| Sale Condition | Redevelopment Project | Property Subtype | Commercial |
| No. Lots | 1 | Total Lot Size | 0.36 AC |
| Zoning | Urban Redevelopment - Urban Redevelopment | ||
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 0.36 AC |
| Zoning | Urban Redevelopment - Urban Redevelopment |
1 Lot Available
Lot
| Price | $1,833,910 CAD | Lot Size | 0.36 AC |
| Price Per AC | $5,031,178.80 CAD |
| Price | $1,833,910 CAD |
| Price Per AC | $5,031,178.80 CAD |
| Lot Size | 0.36 AC |
A 15,878-square-foot redevelopment parcel located at the hard corner of East Washington Avenue and Milwaukee Street within Madison’s Transit Oriented Development Overlay District.
Description
This redevelopment opportunity is positioned at 2603 East Washington Avenue in Madison, Wisconsin, at the prominent intersection with Milwaukee Street. The parcel spans approximately 15,878 square feet and is situated within a Tax Increment Financing (TIF) district, creating potential economic incentives for future development. Zoned for urban redevelopment and located in the Transit Oriented Development (TOD) Overlay District, the site offers exceptional accessibility and design flexibility to complement the surrounding neighborhood context. The property sits near a newly established bus stop, enhancing connectivity and supporting high visibility along East Washington Avenue, which sees approximately 44,100 average daily traffic (ADT), and Milwaukee Street, with an ADT of 10,700. Water and sewer laterals are already in place, reducing infrastructure challenges for future construction. The neighborhood surrounds include dense residential areas, retail services, and the Nexus at Union Corners mixed-use development, fostering strong built-in demand for commercial and residential projects. With excellent proximity to Dane County Regional Airport, Highway 30, and Interstates 39/94, this site offers superb regional connectivity. The surrounding trade area benefits from a strong population base and high household income, making this an attractive investment prospect for developers looking to capitalize on Madison’s continued growth. Offered at $1,300,000, this site presents a rare opportunity to unlock value in a thriving corridor with long-term redevelopment potential.
Property Taxes
| Parcel Number | 0710-061-3017-5 | Improvements Assessment | $303,159 CAD |
| Land Assessment | $201,025 CAD | Total Assessment | $504,184 CAD |
Property Taxes
