2430 Mason StGreen Bay, WI 54302

Property Details for 2430 Mason St

Year built

1989

Lot size

10.10 AC

Property size (Sq ft)

119,481 SF

Zone code

R1

Property type

Retail properties

Property subtype

Retail space

APN

21 126-11

APU

2112611

Description

This exceptional 105,923-square-foot free-standing retail building presents a unique redevelopment opportunity. Located on Main Street in Brown County, this single-tenant property sits on a generous 10.09 acres and offers significant leasing potential. Originally constructed in 1989 and renovated in 2002, the building boasts a single story design and is zoned PUD. The property features multiple access points, ensuring convenient ingress and egress for customers and employees. Ample parking is available, with over 400 parking stalls accommodating a high volume of traffic. The property's prominent location allows for pylon signage, maximizing visibility and brand recognition. The property taxes are $0.95 per square foot. This redevelopment project offers flexible leasing options for large-format and junior box spaces, ranging from 12,000 to 105,000 square feet. Delivery is scheduled for Summer 2024. The area is experiencing significant growth, with new retailers such as Chipotle, Panera Bread, and Cousins Subs already established nearby. This presents a compelling investment opportunity for businesses seeking high visibility and convenient access in a thriving retail market.

• CAP approach

  CAP return

  Valuation

  6%

  $31,713,358

  6.5%

  $29,273,868

  7%

  $27,182,878

• Comparable approach

  Method

  Valuation

  Relative Method

  $30,567,830

  Geo Method

  $39,217,248

• Alternative Use

  Use

  Valuation

  Residential

  $24,693,604

  Hospitality

  $22,619,208

  Educational

  $18,818,916

  Medical

  $19,466,128

  Retail

  $29,273,868

Location Insight

City

Green Bay

County

Brown

State

Wisconsin

Latitude

44.4858

Longitude

-87.9614

CBSA code

24580

CBSA name

GREEN BAY, WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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