245 Concord Ave Watertown, WI 53094
- Commercial real estate
- 0.93 lot acres
Current Use by Public Records
- Watertown Dam 2 / Park
Property Details for 245 Concord Ave
- Lot size
- 0.93 lot acres
- Property type
- Commercial real estate
- APN
- 291-0815-0331-047
- APU
- 29108150331047
Description
This exceptional 13,161 square foot, four-story building located at 245 South Concord Avenue in Watertown, Wisconsin, presents a unique investment opportunity. Currently configured as a garage/parking facility with ten units, this historic power house boasts 24-foot ceilings and sits on a 0.93-acre lot (4,051,080 square feet). The asking price is $445,000, translating to $33.81 per square foot. The land value alone is estimated at $0.11 per square foot. The property features convenient in-and-out driveway access. Importantly, state-approved architectural plans for conversion into ten high-end condo units are included in the sale. This prime location is adjacent to the city's upper dam, offering stunning views and a unique historical context. An easement grants the city access to the dam. This property is ideal for developers seeking a high-impact project with significant upside potential in a desirable Wisconsin location. The property's rich history and prime location combine to create a truly exceptional investment opportunity. The building's substantial size and unique features make it an ideal candidate for a luxury condo conversion, capitalizing on the growing demand for upscale urban living. The included architectural plans streamline the development process, minimizing potential delays and maximizing return on investment.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Watertown
- County
- Jefferson
- State
- Wisconsin
- Longitude
- -88.7062
- Latitude
- 43.1853
- CBSA code
- 48020
- CBSA name
- WATERTOWN-FORT ATKINSON, WI MICROPOLITAN STATISTICAL AREA
