Listed by Madison Commercial Real Estate LLC
$897,000
5430 Commercial Ave
Details
APN 0810-344-1807-1
Property Type Retail, Land
Sub Type Commercial
Units 70
Year Built 1931
Buildings 1
Stories 3
Acreage 0.986
Zoning SR-V1; NMX
Parking Spaces 80 spaces
Excellent development opportunity for residential and retail on nearly 1-acre parcel.
Marketing description
For Sale
Investment highlights
- Future land use under the Northeast Area Plan to be Neighborhood Mixed Use (NMU)
- NMX zoning allows for up to 70 units per acre
- Proposed design concept features a 3-story building, 69 residential units, 1 street-facing retail space and 80 on-site parking stalls
- Existing paved access from Commercial Ave
- Level lot with excellent drainage
- Easy access to the Eastside of Madison, Sun Prairie, and the new Amazon Distribution Center (4.5 miles), Cottage Grove
- Farmhouse not part of sale
- Seller reserves the right to remove all interior and exterior from the barn structure prior to closing
- Shared well agreement with The Eagle Crest Bar
- Income from the Well located on this property could potentially allow it to be purchased as a replacement property in a 1031 exchange
Listing Contacts
Listed by Madison Commercial Real Estate LLC
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