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5 Acre lot ( aprox. 217,757 sq.ft.) zoned RR-4 available for redevelopment opportunities. Located on the far east side of Madison in the town of Blooming Grove just off Milwaukee St. & Sprecher Rd. The city identifies this corner lot as Medium Residential which generally allows 20-90 units per acre in up to five-story buildings. This would all be subject to the plans for how the density is developed on the parcel. Current asking price is $1,250,000 with an 80/unit development project. If site is approved for over 80 units the asking price of $1,250,000 would be increased by an additional $10,000 per additional unit.
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Data provided by the South Central Wisconsin MLS as of 01/23/2020.
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