Current Use by Public Records
- Office Spaces
Property Details for 803-805 Main St
- Year built
- 1967
- Lot size
- 0.34 lot acres
- Property type
- Office Spaces
- Property subtype
- Apartment buildings
Description
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.
Value Estimations
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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
- -89.5333
- Latitude
- 42.9995
