Redevelopment Site in Oak Creek, WI- $250,000
This parcel provides an excellent redevelopment opportunity as it is located in the path of development. It has excellent exposure and is situated along a heavily traveled arterial with an average daily traffic count of 5,900 vehicles. The parcel is zoned RS-3 (Single Family Residential), but is completely surrounded by B-4 (Highway Business) land. It is currently improved with a ranch style dwelling which may be utilized as an interim source of income, while it is held as a speculative investment or while it is in the planning stages of redevelopment. The parcel is approximately 3/4-acre. It is surrounded by several existing commercial uses, as well as a proposed Froedtert neighborhood hospital and the Hub13 development (300-unit multi-family development). The parcel is situated only 235′ south of Rawson Avenue and less than 400′ from an I-94 interchange.