1701 N Water St - Residential LAND FOR SALE


Milwaukee, WI 53202- Lower East Side115,870 SF
$5,500,000 USD
414-274-1622
1701 N Water St, Milwaukee, WI for Sale
$5,500,000 USD
Residential LAND - FOR SALE
1/5
115,870 SF

1701 N Water St
Milwaukee, WI 53202
Lower East Side


HIGHLIGHTS

  • Situated in a Qualified Opportunity Zone (QOZ), the site is one of the last developable riverfront parcels between downtown Milwaukee and North Avenue
  • Easily accessible location at the intersection of two of Milwaukee’s most prominent thoroughfares – Brady Street and Water Street
  • Originally planned and designed for 253 condominium units, the site may also accommodate higher-density multifamily rental units
  • Development at the site will tie into the Riverwalk, a 3.7-mile walking path connecting to downtown Milwaukee and the Historic Third Ward
  • Within walking distance of numerous area retailers, restaurants and amenities
  • Metro Milwaukee’s multifamily fundamentals remain strong with annual rent growth, occupancy rates and 12-month absorption all outpacing national avg.

OVERVIEW

CBRE, as exclusive advisor to the owner of record, is pleased to present this exceptional ~2.66-acre multifamily development site (the “Property” or Offering”) situated in a Qualified Opportunity Zone (QOZ) along the Milwaukee River at the intersection of two of the city’s most prominent crossroads – Brady Street and Water Street. The Property is one of the last developable riverfront parcels between downtown Milwaukee and North Avenue, offering developers a unique opportunity to make a mark on this popular and highly-sought after location that has matured with a critical mass of new residents and services in the immediate vicinity over the past 10 years.

FOR SALE DETAILS

PRICE

$5,500,000 USD

PRICE/ACRE

$2,067,669/AC

PRICE/SF

$47 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Downtown Development Land on Riverfront

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

Apartment Units

LAND ACRES

2.66 AC

LAND SF

115,870 SF

OFFSITE IMPROVEMENTS

-

ZONING

C9G

APN/PARCEL ID

354-0920-100,360-0082-000

ASK ABOUT THIS PROPERTY

414-274-1622

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414-274-1622

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