4506 Verona RdMadison, WI 53711

This exceptional 1.11-acre commercial property in Madison, Wisconsin, presents a compelling redevelopment or owner-occupancy opportunity. Located on Verona Road, a high-traffic artery connecting two major highways with approximately 160,000 vehicles daily, this site boasts excellent visibility and accessibility. The existing 4,600 square foot building, constructed in 1952 and renovated in 2020, comprises two single-story structures with three units and 20 parking spaces. Currently at 30% occupancy, the property offers significant upside potential. Zoned Commercial Corridor (CC), it allows for diverse uses including office, medical, retail, restaurant, automotive, and multi-family developments. The flexible zoning permits up to 85% lot coverage and five stories, accommodating a wide range of development scenarios. The asking price is $1,800,000 ($37.13/sq ft). This Class C property is a value-add investment ideal for redevelopment, owner-occupancy, or net lease arrangements. Proximity to major retailers like Home Depot, Planet Fitness, and Goodwill further enhances its appeal. The property is individually or LLC owned and qualifies for a 1031 exchange.