4901 Washington Ave Racine, WI 53406

Westgate Square, a prime 85,000-square-foot shopping center in Racine, Wisconsin, presents a compelling investment opportunity. This Class B, multi-tenant property boasts 100% occupancy, featuring a diverse tenant mix including Dollar General, CSL Plasma, and Salvation Army. The property, situated on a 10-acre lot at 4901 Washington Ave, Racine, WI 53406, underwent significant renovations between 2023 and 2024, including a newly renovated display sign, resealed and restriped parking lot, a fully painted facade, updated landscaping, and a recently completed five-year sprinkler system inspection and recertification. The Net Rentable Area is 80,000 square feet, with a current asking price of $7,999,000, representing a price per square foot of $94.11 and a 5.94% cap rate. The property generates a Net Operating Income (NOI) of $475,000. This single-story building is zoned for commercial use and offers a potential outlot on Washington Avenue. The property is ideally suited for a 1031 exchange, providing a stable, cash-flowing investment with long-term tenants and a strong rental history. The 100% occupancy ensures immediate cash flow and future stability. This turn-key shopping center represents a rare opportunity to acquire a well-maintained, high-performing retail asset in a desirable location.