Beau Beach, CCIM presents:
919-921 W. National Avenue is a two parcel property totaling 10,500 SF. The site is home to 4 existing multi-family units. The highest and best use of this site is multi-family development.
The parcels are zoned LB2 which permits multi-family uses. Located on the main road through the quickly gentrifying, red-hot Walker’s Point neighborhood. Traffic counts of 14,000+ vehicles per day. Located in an Opportunity Zone.
Collect rents from the existing tenants while you plan your project! The 4 existing units are occupied with a total monthly rent roll of $2,125.
This is your chance to acquire a multi-family development site in red-hot Walker’s Point for less than $500k!
Walker’s Point is a neighborhood that lies south of the Third Ward, north of Bay View and the eastern part of the Menomonee River Valley. Founded by George Walker in 1835 as a fur trading post, the area quickly expanded into one of Wisconsin’s most industrial neighborhoods.
As recently as 2010, the area has exponentially taken off as “Milwaukee’s Fastest Growing Entertainment District”. Walker’s Point is home to the newly developing 2nd Street “Restaurant Row”.
Walker’s Point is also commonly referred to as the 5th Ward given close proximity to the extremely popular Historic 3rd Ward neighborhood. You’ll find some of the city’s best bars and nightclubs alongside award-winning restaurants and locally-made artisan food products. Many of the neighborhood’s bars and restaurants are focused along Second Street, but Fifth Street is quickly becoming another hotspot for the area.
Its daytime and nightlife scene includes craft breweries and distilleries housed in industrial spaces, wine bars, LGBT bars, cafes, antique stores, tattoo shops, Latin clubs, Mexican eateries, trendy American bistros and locavore brunch spots. The Allen-Bradley Clock Tower is a city icon located in Walkers Point, featuring a large 4-sided clock.
A diverse and vibrant neighborhood, Walkers Point is home to the Harley Davidson Museum, Iron Horse Hotel, a growing freshwater industry, the popular indie radio station 88Nine Radio Milwaukee, and a trendy bar and restaurant scene.
Today, a myriad of underutilized factories and warehouses have been renovated into businesses and residences, making for an urban living experience that is uniquely its own.
- Price: $499,000
- Area: 10,500 SF
- Phone Number: 414-875-3079