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1006 Velp Ave 12,205 SF Retail Building Green Bay, WI 54303 $895,000 ($73.33/SF)
INVESTMENT HIGHLIGHTS
- High Visibility Corner
- 3 Buildings
- 3.74 Acres of Land
EXECUTIVE SUMMARY
Rare opportunity to own three buildings on 3.74 acres on Velp Ave. Great visibility on the corner of Velp Ave and Atkinson Dr. Property includes 1016 Velp 9,570 sqft space currently leased for $2400/mo (Auto repair shop), 1006 Velp 323 sqft currently rented for $1,300/mo (Car dealership), and 1119 Columbia 1,740 sqft currently rented for $1,500/mo (Garage).There is also an additional billboard lease. Great opportunity to expand your business or rental portfolio.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
12,205 SF
Building Class
C
Year Built
1970
Price
$895,000
Price Per SF
$73.33
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
3.74 AC
Opportunity Zone
Yes
Zoning
C2, GI, LI - Split zoned/ The auto dealership building is located in a business 2 zone. The rest of the property is light industrial.
Parking
20 Spaces (1.64 Spaces per 1,000 SF Leased)
Frontage
91’ on Velp Ave
AMENITIES
- Pylon Sign
- Signage
PROPERTY TAXES
| Parcel Number | 18-756 | Improvements Assessment | $212,600 |
| Land Assessment | $363,700 | Total Assessment | $576,300 |
PROPERTY TAXES
Parcel Number
18-756
Land Assessment
$363,700
Improvements Assessment
$212,600
Total Assessment
$576,300
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1006 Velp Ave
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