803-805 Main StVerona, WI 53593

Property Details for 803-805 Main St

Year built

1967

Lot size

0.34 AC

Property size (Sq ft)

4,640 SF

Property type

Office properties

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.

Location Insight

City

Verona

County

Dane

State

Wisconsin

Latitude

42.9995

Longitude

-89.5333

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