Live/Work - Duplex with Retail or Office

803-805 N Main Verona, WI 53593

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FOR SALE
Property Type:
Multi Tenant Office
Amount:
$475,000
Last Verified:
Jun 22, 2017

Highlights

  • Leased Investment or redevelop this corner
  • Current use 100% occupied residential duplex
  • 80-100 units of senior housing proposed on adjacent site
  • Zoned Neighborhood Office
  • Across from Badger Middle School

Description

Leased investment property. This fully leased duplex on a corner lot is zoned Neighborhood Office and is perfect for redevelopment. Duplex includes one 3-bedroom and one 2 bedroom apartments, with basement space and lower level 2 car garage. Each unit has washer/dryer and appliances. Tenants' pay water/sewer, gas and heat. Adjoining 3.4 acre site at 841 N Main has a plan for senior housing currently proposed.

Corner of Llanos St. on N Main St (County M)
Across from Badger Middle School and near Verona High School.


Year Built: 1967
Building Size: 4640.0sq ft
Building Class: B
Lot Size: 0.34 acres

Map of 803-805 N Main , Verona, WI, 53593

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.