High visibility land opportunity for owner- occupant or investment development. This development opportunity is a developer’s dream! In place rental income with park-like land on the shores of Mary Park Lake, located in the fast growing City of New Richmond, WI, it is hard not to see why this is a perfect and rare opportunity. New Richmond is one of the fastest growing communities in the entire state of Wisconsin.
This listing includes an exceptionally well finished triplex (323 Sawmill Ln) on the water and further offers private asphalt roads, mature trees, and sweeping views of the lake. There are also two existing income producing apartment buildings (11 units) (320 Sawmill Ln). There is an additional unit that needs some work, that could make for a total of 11 units. The tri-plex units all have attached garages, one of the units needs to have 1 kitchen finished, 2 of the bdrms and the other needs some cabinets & appliances. New roof on the two apartment buildings and tri-plex.
There is also a commercial/storage-shop building located on one of the parcels that provides enough square footage to add another building (184 Sawmill Ln). This property could be leased for additional rental income or further develop.
* See documents/attachments for site map and additional information on development opportunity.
Further, there is additional vacant land for sale consisting of two lots on Knowles Avenue a.k.a. Hwy 65 and also other adjoining vacant land parcels for development up to 5.27 acres. Note that the bulk of the vacant land has private access and views of the lake. Please see attached brochure that includes a site map. The price of this land is an additional $690,900.00.
All land parcels are zoned “Central Business” which provides a wide variety of uses. See permitted uses in supplement attachments.
Buyers and agents to verify all measurements, zoning & property information.
