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5430 Commercial Ave - Redevelopment Opportunity 0.99 Acres of Residential Land Offered at $1,226,953 CAD in Madison, WI 53704
Investment Highlights
- Shared well agreement with The Eagle Crest Bar
- Potential to construct a 4-story building with conditional use approval
- NMX zoning allows for up to 70 units per acre
- Existing paved access from Commercial Ave
Executive Summary
Future land use under the Northeast Area Plan to be Neighborhood Mixed Use (NMU)
Proposed design concept features a 3-story building, 69 residential units, 1 street-facing retail space and 80 on-site parking stalls.
Seller reserves the right to relocate farmhouse prior to closings at seller's cost and seller reserves the right to remove all interior and exterior from the farmhouse and barn structure prior to closing.
Proposed design concept features a 3-story building, 69 residential units, 1 street-facing retail space and 80 on-site parking stalls.
Seller reserves the right to relocate farmhouse prior to closings at seller's cost and seller reserves the right to remove all interior and exterior from the farmhouse and barn structure prior to closing.
Property Facts
| Price | $1,226,953 CAD | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | Multifamily |
| No. Lots | 1 | Total Lot Size | 0.99 AC |
| Property Type | Land | ||
| Zoning | SR-V1 - Currently SR-V1 but is proposed to change to NMX | ||
| Price | $1,226,953 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Multifamily |
| Total Lot Size | 0.99 AC |
| Zoning | SR-V1 - Currently SR-V1 but is proposed to change to NMX |
1 Lot Available
Lot
| Price | $1,226,953 CAD | Lot Size | 0.99 AC |
| Price Per AC | $1,239,345.99 CAD |
| Price | $1,226,953 CAD |
| Price Per AC | $1,239,345.99 CAD |
| Lot Size | 0.99 AC |
Future land use under the Northeast Area Plan to be Neighborhood Mixed Use (NMX). Easy access to the Eastside of Madison, Sun Prairie, and the new Amazon Distribution Center (4.5 miles). Level lot with excellent drainage.
Description
Future land use under the Northeast Area Plan to be Neighborhood Mixed Use (NMX). Easy access to the Eastside of Madison, Sun Prairie, and the new Amazon Distribution Center (4.5 miles). Level lot with excellent drainage.
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 0810-344-1807-1 | Improvements Assessment | $376,882 CAD |
| Land Assessment | $177,853 CAD | Total Assessment | $554,735 CAD |
Property Taxes
Parcel Number
0810-344-1807-1
Land Assessment
$177,853 CAD
Improvements Assessment
$376,882 CAD
Total Assessment
$554,735 CAD
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5430 Commercial Ave - Redevelopment Opportunity
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