2725 Osswald Rd, Wausau, WI 54403

This offering presents the opportunity to acquire a fully entitled multifamily development site in Wausau. The property, positioned for immediate construction and long-term scalability, includes approximately 6.5 acres of fully improved, shovel-ready land. An additional 4.5 acres of unimproved land are also included. Phase II consists of a 16-unit luxury apartment building featuring a mix of one- to three-bedroom floor plans. The community is designed as a high-end residential enclave, offering residents direct access to Greenwood Hills Country Club and a setting within a newly developed neighborhood with panoramic views of Rib Mountain. Future Phases III and IV provide an additional 32 units, bringing the total project to 64 units upon full buildout. The building footprint has been fully blasted, and water and sewer laterals have been run to the Phase II and Phase III building sites. Additional water and sewer laterals have been installed to serve two proposed small commercial sites along the south side of Reserve Drive, creating optional mixed-use upside. Reserve Drive has been constructed, accepted by the City of Wausau as a public street, and features craftsman-style lighting, providing direct access to the Phase III building. All site layouts and development plans for all four residential phases, and the two commercial pads have been completed and approved by the City of Wausau. Stormwater infrastructure has been fully designed and installed, including a retention pond on Outlot 2 that accommodates the needs of all four phases and both commercial sites. Architectural and engineering designs are complete, materially reducing development risk, time to delivery, and upfront soft costs.