803-805 Main StVerona, WI 53593

For Sale
$625,000

Live/work duplex, high occupancy, redevelopment potential.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents a fully leased, two-unit duplex located at 803-805 N Main St, Verona, WI 53593. The property, boasting 4,640 square feet on a 0.338-acre corner lot, is zoned for Neighborhood Office use, offering significant redevelopment potential. Currently operating as a 100% occupied residential duplex, it comprises a three-bedroom and a two-bedroom apartment, each equipped with washer/dryer and appliances. The building, constructed in 1967, includes a lower-level two-car garage and basement space. Tenants are responsible for water, sewer, gas, and heat. The property's strategic location across from Badger Middle School and adjacent to the recently developed 100-unit Oakmont Senior Housing (on a separate 3.4-acre site at 841 N Main St) presents a compelling case for future development. This Class B multifamily/office property is listed at $625,000 and offers a strong return on investment, whether maintained as a leased property or redeveloped to capitalize on the favorable zoning and prime location. The property's two parking spaces add to its appeal. Recent changes in Verona zoning regulations further enhance the property's versatility and future prospects.

Highlights

  • Investment opportunity: Leased duplex or redevelopment potential.
  • Currently 100% occupied residential duplex.
  • Adjacent to approved 100-unit Oakmont senior housing development.
  • Neighborhood Office zoning.
  • Across from Badger Middle School.

Property Details for 803-805 Main St

Property type
Multifamily properties, Other office properties
Square Feet
4,640 SF
Class
B
Year Built
1967
Lot Size (sq. ft)
14,723 SF
Units
2

Location Insight

City
Verona
County
Dane
State
Wisconsin
Latitude
42.9994737
Longitude
-89.5333048
803-805 Main St, Verona, Wisconsin

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803-805 Main St
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