Current Use by Public Records
- Retail properties & Spaces
Property Details for 501-509 Verona Ave
- Year built
- 2022
- Property type
- Retail properties & Spaces
Description
This exceptional retail opportunity is located in the vibrant Sugar Creek Commons development in Verona, Wisconsin. The single-story, 15,343 square foot building, constructed in 2022, offers multiple spaces for lease, ranging from a minimum of 2,083 square feet to a maximum contiguous space of 4,225 square feet. Currently, the entire 15,343 square feet is vacant, presenting a unique chance to establish a flagship location or create a multi-tenant retail environment. The property boasts 153 parking spaces for ample customer convenience. Situated on a 3.35 to 3.46-acre lot in Dane County, the development benefits from its location within Verona's New Downtown Overlay District, providing excellent visibility and accessibility. A key advantage is the proximity to Epic Health Systems, one of Dane County's largest employers, and the Verona High School with over 1,600 students. Further enhancing the property's appeal is the presence of 141 existing market-rate multifamily units above the commercial space, with an additional 143 units under construction, projected to open in Spring 2024, creating a built-in customer base. The development also features a landscaped pedestrian plaza with modern glass overhead doors, ideal for creating an indoor/outdoor dining experience. This prime location in a growing market presents a compelling investment opportunity for discerning businesses. The property's address is 501-509 W Verona Ave, Verona, WI 53593.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Verona
- County
- Dane
- State
- Wisconsin
- Longitude
- -89.5412
- Latitude
- 42.9887
