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1156 Velp Ave - 1241 Winford & 1156 Velp Ave (vacant lot) 24,446 SF Specialty Building Offered at $2,500,000 in Green Bay, WI 54303
INVESTMENT HIGHLIGHTS
- Located near HWY on a busy road
- Development Opportunity
- Brand new construction
EXECUTIVE SUMMARY
144-Unit New Construction | Lease-Up Phase | Value-Add Execution
This property includes 2 sites; 1241 Winford Ave (Storage Units) and 1146 Velp Ave (vacant lot). The storage unit facility is brand new and offers a fully fenced, paved lot with gated entry access and 24/7 surveillance to the units. There are four separate buildings with various sized units in each building, all within minutes of 1-43, making it perfectly situated to attract Howard, Green Bay and Ashwaubenon customers.
Exterior storage spots allow for potential to store boats/campers.
The adjacent lot on Velp Ave offers great road visibility, high traffic and excellent signage potential.
The asset is partially occupied and offers investors the opportunity to execute a focused leasing strategy to drive income growth and stabilization over time.
The property is best suited for buyers comfortable with lease-up risk and longer-term value creation. Current performance reflects early-stage operations rather than stabilized income.
Offering provides scale, new construction, and defined upside through occupancy growth and lease conversion.
This property includes 2 sites; 1241 Winford Ave (Storage Units) and 1146 Velp Ave (vacant lot). The storage unit facility is brand new and offers a fully fenced, paved lot with gated entry access and 24/7 surveillance to the units. There are four separate buildings with various sized units in each building, all within minutes of 1-43, making it perfectly situated to attract Howard, Green Bay and Ashwaubenon customers.
Exterior storage spots allow for potential to store boats/campers.
The adjacent lot on Velp Ave offers great road visibility, high traffic and excellent signage potential.
The asset is partially occupied and offers investors the opportunity to execute a focused leasing strategy to drive income growth and stabilization over time.
The property is best suited for buyers comfortable with lease-up risk and longer-term value creation. Current performance reflects early-stage operations rather than stabilized income.
Offering provides scale, new construction, and defined upside through occupancy growth and lease conversion.
PROPERTY FACTS
| Price | $2,500,000 | Lot Size | 3.20 AC |
| Price Per SF | $102.27 | Building Size | 24,446 SF |
| Sale Type | Investment or Owner User | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2024 |
| Property Subtype | Self-Storage | Tenancy | Single |
| Building Class | B | Opportunity Zone |
Yes
|
| Price | $2,500,000 |
| Price Per SF | $102.27 |
| Sale Type | Investment or Owner User |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | B |
| Lot Size | 3.20 AC |
| Building Size | 24,446 SF |
| No. Stories | 1 |
| Year Built | 2024 |
| Tenancy | Single |
| Opportunity Zone |
Yes |
1 1
PROPERTY TAXES
| Parcel Number | 18-782-E | Improvements Assessment | $194,900 |
| Land Assessment | $423,100 | Total Assessment | $618,000 |
PROPERTY TAXES
Parcel Number
18-782-E
Land Assessment
$423,100
Improvements Assessment
$194,900
Total Assessment
$618,000
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1156 Velp Ave - 1241 Winford & 1156 Velp Ave (vacant lot)
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