5799 Portage Rd Madison, WI 53718
- Commercial real estate
- 8.25 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 5799 Portage Rd
- Lot size
- 8.25 lot acres
- Property type
- Commercial real estate
Description
This exceptional 8.25-acre property, located at 5799 Portage Road in Madison, Wisconsin, presents a unique investment opportunity. Currently operating as Emily's Ten Oaks Ranch, a farmette and event venue, this land is zoned RR-4 and offers significant potential for multi-family development. The property is situated within the Pumpkin Hollow Neighborhood Redevelopment plan, slated for annexation into the City of Madison. The city's plan proposes a medium density of 16-40 housing units per acre, making this a highly attractive site for developers. Further enhancing its appeal, a Mixed Use Neighborhood overlay is proposed for the area across the street, adding future development possibilities. Priced at $1,400,000 ($169,700/acre), this location boasts convenient access to amenities including grocery stores, restaurants, shops, Token Creek Dog Park and Disc Golf Course, the American Parkway area, and Dane County Regional Airport. The bucolic setting, combined with its proximity to urban conveniences, creates a compelling opportunity for a diverse range of multi-family housing developments catering to various price points. The property's current use as a farmette and event venue provides immediate income potential while development plans are underway. This is a rare chance to acquire a substantial parcel of land in a rapidly developing area of Madison. The property's location in Dane County, Wisconsin, and its 53718 zip code, further solidify its desirability.
Value Estimation
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Madison
- County
- Dane
- State
- Wisconsin
- Longitude
- -89.3064307
- Latitude
- 43.1641544
