6042 Packard AveCudahy, WI 53110
- Retail properties
- 2,592 SF
Property Details for 6042 Packard Ave
- Year built
- 1995
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 1.49 AC
- Property size (Sq ft)
- 2,592 SF
- Zone code
- B-2PUD
- Property type
- Retail properties
- Property subtype
- Banks
- APN
- 682-9909-002
- APU
- 6829909002
Description
This exceptional 5,023-square-foot retail space, formerly a bank branch, presents a unique investment opportunity in Cudahy, Wisconsin. Located at 6042 S Packard Ave, 53110, this property boasts a highly visible location with three convenient points of access along Packard Avenue. The building features prominent signage, including a double-sided monument sign, ensuring maximum brand exposure. The interior layout, reflective of its previous use as a bank, offers a versatile floor plan adaptable to a variety of retail uses. The asking price is $600,000, translating to $119.45 per square foot. The property is zoned G2, providing flexibility for potential tenants and business ventures. Its strategic location in Milwaukee County offers easy access to major transportation routes and a thriving local community. This is an ideal opportunity for investors seeking a high-visibility retail space with significant potential for return. The property's previous assessed value is not relevant to the current asking price. The building's prime location and existing infrastructure make it a ready-to-occupy space, minimizing upfront investment costs for prospective buyers. This is a rare chance to acquire a well-situated retail property in a desirable Wisconsin location.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $687,984
- 6.5%
- $635,062
- 7%
- $589,701
-
Comparable approach
- Method
- Valuation
- Relative Method
- $663,133
- Geo Method
- $850,772
-
Alternative Use
- Use
- Valuation
- Residential
- $535,699
- Hospitality
- $490,697
- Educational
- $408,254
- Medical
- $422,295
- Retail
- $635,062
Location Insight
- City
- Cudahy
- County
- Milwaukee
- State
- Wisconsin
- Latitude
- 42.9346
- Longitude
- -87.8604
- CBSA code
- 33340
- CBSA name
- MILWAUKEE-WAUKESHA-WEST ALLIS, WI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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