5430 Commercial Ave

5430 Commercial Ave, Madison, WI 53704

LAND For Sale

Year Built: 1931

Floors: 2

Available Spaces

SpaceSizeTypePricing
Redevelopment Opportunity - 1.116 Acres SALE $897,000.00

Contact

Mike Herl - Madison Commercial Real Estate

PHONE: 6082124623

PHONE: 6087095555

Kurt Malueg - Madison Commercial Real Estate

PHONE: 6088980691

Description

• Future land use under the Northeast Area Plan to be Neighborhood Mixed Use (NMX) • NMX zoning allows for up to 70 units per acre • Proposed design concept features a 3-story building, 78 residential units, 1 street-facing retail space and 86 on-site parking stalls • Potential to construct a 4-story building with conditional use approval • 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 • Seller reserves the right to relocate farmhouse prior to closings at seller's cost • Seller reserves the right to remove all interior and exterior from the farmhouse and barn structure prior to closing • Shared well agreement with The Eagle Crest Bar